CarMax, Inc. (NYSE:KMX) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,156 shares of the company’s stock after selling 761 shares during the quarter. Amalgamated Bank’s holdings in CarMax were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KMX. FMR LLC boosted its stake 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 acquiring an additional 1,713,379 shares in the last quarter. Holocene Advisors LP boosted its position in CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after purchasing an additional 834,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after purchasing an additional 436,342 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after buying an additional 282,519 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of CarMax by 603.2% during the 4th quarter. Ieq Capital LLC now owns 110,691 shares of the company’s stock worth $9,050,000 after buying an additional 94,950 shares during the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, EVP James Lyski sold 57,986 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. This trade represents 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 in the last quarter. 1.66% of the stock is owned by insiders.

CarMax Stock Performance

CarMax stock opened at $82.95 on Friday. The stock has a fifty day moving average price of $83.27 and a 200 day moving average price of $80.37. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The firm has a market capitalization of $12.76 billion, a P/E ratio of 28.12, a PEG ratio of 1.67 and a beta of 1.72.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping 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 business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

KMX has been the topic of a number of research reports. Needham & Company LLC increased their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Evercore ISI raised shares of 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. JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Mizuho boosted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $90.91.

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.