CarMax, Inc. (NYSE:KMX) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,333 shares of the company’s stock after acquiring an additional 1,336 shares during the period. Cerity Partners LLC’s holdings in CarMax were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC grew its holdings in CarMax by 38.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 858 shares of the company’s stock worth $66,000 after acquiring an additional 238 shares during the period. Geneos Wealth Management Inc. grew its holdings in CarMax by 1.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 16,850 shares of the company’s stock valued at $1,293,000 after purchasing an additional 260 shares during the period. Segment Wealth Management LLC acquired a new stake in CarMax in the fourth quarter valued at approximately $275,000. Sequoia Financial Advisors LLC acquired a new stake in CarMax in the fourth quarter valued at approximately $232,000. Finally, International Assets Investment Management LLC acquired a new stake in CarMax in the fourth quarter valued at approximately $9,420,000.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

Shares of CarMax stock opened at $69.71 on Wednesday. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The business’s 50 day moving average price is $78.18 and its 200 day moving average price is $72.12.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts predict that CarMax, Inc. will post 3.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on KMX. JPMorgan Chase & Co. dropped their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Needham & Company LLC decreased their target price on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Mizuho decreased their target price on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and issued a $83.00 target price on shares of CarMax in a research report on Monday, April 8th. Finally, StockNews.com upgraded CarMax to a “sell” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $77.42.

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.