CarMax, Inc. (NYSE:KMX) Stock Holdings Lifted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 107.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,867 shares of the company’s stock after buying an additional 1,999 shares during the period. EverSource Wealth Advisors LLC’s holdings in CarMax were worth $316,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KMX. FMR LLC grew its stake in 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 boosted its stake in CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after purchasing an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in CarMax by 41.8% during the 3rd 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 period. Raymond James Financial Inc. bought a new position in CarMax in the 4th quarter worth about $31,061,000. Finally, Principal Financial Group Inc. increased its stake 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 purchasing an additional 282,519 shares during the period.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by corporate insiders.

CarMax Trading Up 0.9 %

Shares of NYSE:KMX opened at $69.89 on Friday. The firm has a market capitalization of $10.75 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a fifty day moving average of $81.77 and a two-hundred day moving average of $79.93.

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 the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on KMX shares. Evercore ISI decreased their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus price target of $90.45.

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.