Gilman Hill Asset Management LLC Acquires 815 Shares of CarMax, Inc. (NYSE:KMX)

Gilman Hill Asset Management LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,362 shares of the company’s stock after acquiring an additional 815 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in CarMax were worth $2,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Dimensional Fund Advisors LP raised its stake in CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after buying an additional 51,397 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of CarMax by 49.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock worth $681,000 after acquiring an additional 3,155 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of CarMax by 20.5% in the 2nd quarter. Hsbc Holdings PLC now owns 210,889 shares of the company’s stock valued at $15,463,000 after purchasing an additional 35,923 shares during the period. Intech Investment Management LLC boosted its position in shares of CarMax by 5.4% during the second quarter. Intech Investment Management LLC now owns 6,210 shares of the company’s stock valued at $455,000 after purchasing an additional 320 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in CarMax by 16.7% in the second quarter. AE Wealth Management LLC now owns 5,273 shares of the company’s stock worth $387,000 after purchasing an additional 756 shares during the period.

CarMax Price Performance

KMX opened at $78.96 on Monday. The company’s 50-day simple moving average is $82.07 and its two-hundred day simple moving average is $79.14. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that CarMax, Inc. will post 3.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on KMX shares. Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Truist Financial upped their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Stephens started coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.17.

Insider Buying and Selling

In other news, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. This trade represents a 46.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,598 shares of company stock valued at $21,503,625 over the last 90 days. Company insiders own 1.66% of the company’s stock.

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.