Sciencast Management LP Makes New Investment in CarMax, Inc. (NYSE:KMX)

Sciencast Management LP purchased a new position in CarMax, Inc. (NYSE:KMX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,251 shares of the company’s stock, valued at approximately $1,329,000.

Other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in CarMax in the fourth quarter worth approximately $273,000. Sequoia Financial Advisors LLC increased its stake in shares of CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of CarMax by 36.6% in the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock worth $426,000 after purchasing an additional 1,396 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of CarMax in the third quarter worth $6,942,000. Finally, HF Advisory Group LLC increased 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 worth $2,354,000 after purchasing an additional 3,222 shares in the last quarter.

Insider Transactions at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the firm’s 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 sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMX has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Truist Financial increased their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Stephens started coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Royal Bank of Canada raised their target price 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. Finally, JPMorgan Chase & Co. raised their target price 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average price target of $90.45.

CarMax Price Performance

KMX stock opened at $71.29 on Friday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week 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 company has a fifty day simple moving average of $80.87 and a two-hundred day simple moving average of $79.47. The firm has a market capitalization of $10.96 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 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 business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business earned $0.52 earnings per share. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. 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.