Wilmington Savings Fund Society FSB Purchases 141 Shares of CarMax, Inc. (NYSE:KMX)

Wilmington Savings Fund Society FSB increased its holdings in CarMax, Inc. (NYSE:KMX) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,682 shares of the company’s stock after purchasing an additional 141 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CarMax were worth $383,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax during the third quarter worth about $32,000. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in CarMax in the fourth quarter worth $58,000. Finally, Concord Wealth Partners grew its position in CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after acquiring an additional 844 shares during the last quarter.

Insider Buying and Selling at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 264,467 shares of company stock valued at $21,915,445. Insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX opened at $86.77 on Wednesday. The firm has a market capitalization of $13.34 billion, a P/E ratio of 29.41, a PEG ratio of 1.70 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The business has a fifty day moving average of $83.21 and a 200 day moving average of $79.72.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $0.52 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMX. Needham & Company LLC upped their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Stephens started coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.50.

CarMax Profile

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.