Patriot Financial Group Insurance Agency LLC lifted its stake in shares of CarMax, Inc. (NYSE:KMX – Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,500 shares of the company’s stock after buying an additional 2,246 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in CarMax were worth $2,412,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in KMX. Quarry LP grew its holdings in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new position in CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC boosted its holdings in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the last quarter. Larson Financial Group LLC increased its stake in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in shares of CarMax in the fourth quarter valued at approximately $58,000.
Insider Transactions at CarMax
In related news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the transaction, the executive vice president now owns 22,803 shares in the company, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is currently owned by corporate insiders.
CarMax Stock Down 0.4 %
CarMax (NYSE:KMX – Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Research analysts anticipate that CarMax, Inc. will post 3.19 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Mizuho increased their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Evercore ISI raised their price target on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, Truist Financial upped their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.17.
Get Our Latest Analysis on CarMax
About CarMax
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.
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