CarMax, Inc. (NYSE:KMX) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,038 shares of the company’s stock after purchasing an additional 3,302 shares during the period. Amalgamated Bank’s holdings in CarMax were worth $3,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its stake in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. Creative Financial Designs Inc. ADV lifted its position in CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the period. Mendota Financial Group LLC bought a new position in CarMax during the 4th quarter valued at $37,000. MCF Advisors LLC acquired a new position in shares of CarMax during the 4th quarter valued at $46,000. Finally, Lindbrook Capital LLC increased its position in shares of CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after purchasing an additional 155 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Tuesday, April 9th. Evercore ISI reduced their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a research report on Friday, April 12th. Robert W. Baird dropped their target price on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Bank of America raised their target price on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 price target on shares of CarMax in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.42.

CarMax Stock Performance

Shares of CarMax stock opened at $71.05 on Friday. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The stock has a market cap of $11.18 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.64. The business has a fifty day simple moving average of $77.10 and a 200-day simple moving average of $72.23.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by insiders.

CarMax Company 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.