Oregon Pacific Wealth Management LLC Makes New $477,000 Investment in CarMax, Inc. (NYSE:KMX)

Oregon Pacific Wealth Management LLC bought a new stake in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,835 shares of the company’s stock, valued at approximately $477,000.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the last quarter. Holocene Advisors LP grew its position in CarMax by 740.2% in the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after acquiring an additional 436,342 shares during the last quarter. World Investment Advisors LLC acquired a new stake in CarMax during the third quarter worth $6,942,000. Finally, Neo Ivy Capital Management purchased a new stake in CarMax in the third quarter valued at $3,934,000.

CarMax Stock Performance

Shares of KMX stock opened at $85.64 on Monday. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.66 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The stock’s 50-day moving average is $83.10 and its two-hundred day moving average is $79.52.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Analysts predict that CarMax, Inc. will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on KMX. Evercore ISI increased their price target on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Truist Financial lifted their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $85.17.

Insider Transactions at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

CarMax Company 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.