12,278 Shares in CarMax, Inc. (NYSE:KMX) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,278 shares of the company’s stock, valued at approximately $9,420,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMX. CENTRAL TRUST Co increased its position in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ronald Blue Trust Inc. increased its position in CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after purchasing an additional 289 shares during the last quarter. VitalStone Financial LLC acquired a new stake in shares of CarMax during the first quarter valued at about $33,000. Creative Financial Designs Inc. ADV increased its position in shares of CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 400 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of CarMax during the fourth quarter valued at about $37,000.

CarMax Stock Down 0.8 %

Shares of CarMax stock opened at $71.41 on Friday. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a 50 day moving average of $78.80 and a 200 day moving average of $72.16. The company has a quick ratio of 0.71, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $11.28 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.09 and a beta of 1.61.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, research analysts forecast that CarMax, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wedbush lifted their price target on shares of CarMax from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Bank of America lifted their price target on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Truist Financial dropped their price target on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Friday. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Tuesday, April 9th. Finally, Robert W. Baird dropped their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $78.67.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is currently owned by insiders.

CarMax Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.