Kentucky Retirement Systems Insurance Trust Fund Buys 3,288 Shares of CarMax, Inc. (NYSE:KMX)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in CarMax, Inc. (NYSE:KMX) by 71.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,909 shares of the company’s stock after purchasing an additional 3,288 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CarMax were worth $647,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax in the third quarter worth $32,000. True Wealth Design LLC boosted its position in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the last quarter. Allworth Financial LP grew its stake in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares during the period. Larson Financial Group LLC increased its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax in the 4th quarter worth approximately $58,000.

Insiders Place Their Bets

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred 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 sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. This represents a 57.93 % 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 in the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Down 2.0 %

NYSE KMX opened at $87.43 on Thursday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a market cap of $13.45 billion, a PE ratio of 29.64, a P/E/G ratio of 1.74 and a beta of 1.72. The stock’s 50 day moving average is $83.48 and its 200 day moving average is $79.98.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts predict that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMX. Needham & Company LLC upped their target price on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Royal Bank of Canada boosted their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CarMax presently has an average rating of “Hold” and an average price target of $87.50.

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.