Machina Capital S.A.S. Has $522,000 Stake in CarMax, Inc. (NYSE:KMX)

Machina Capital S.A.S. lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 47.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,387 shares of the company’s stock after selling 5,761 shares during the period. Machina Capital S.A.S.’s holdings in CarMax were worth $522,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. First Hawaiian Bank acquired a new position in CarMax in the 4th quarter valued at approximately $273,000. World Investment Advisors LLC bought a new stake in shares of CarMax during the third quarter valued at approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the period. HF Advisory Group LLC raised its stake in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in CarMax in the fourth quarter worth $600,000.

Insider Buying and Selling

In other CarMax news, CEO William D. Nash sold 120,513 shares of the business’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 completion of the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock worth $21,915,445 in the last quarter. Insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC upped their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $90.91.

CarMax Stock Performance

CarMax stock opened at $76.75 on Friday. The stock has a 50-day simple moving average of $82.74 and a 200 day simple moving average of $80.36. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

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.