CarMax, Inc. (NYSE:KMX) Shares Bought by Gilbert & Cook Inc.

Gilbert & Cook Inc. grew its stake in shares of CarMax, Inc. (NYSE:KMXFree Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,011 shares of the company’s stock after acquiring an additional 431 shares during the period. Gilbert & Cook Inc.’s holdings in CarMax were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after acquiring an additional 88,488 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of CarMax by 3.1% in the fourth quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock valued at $179,928,000 after purchasing an additional 69,409 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of CarMax by 3.2% in the third quarter. Northern Trust Corp now owns 1,570,993 shares of the company’s stock valued at $111,116,000 after purchasing an additional 48,879 shares in the last quarter. Giverny Capital Inc. lifted its holdings in shares of CarMax by 1.3% in the third quarter. Giverny Capital Inc. now owns 1,520,438 shares of the company’s stock valued at $107,541,000 after purchasing an additional 20,198 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL lifted its holdings in shares of CarMax by 1.4% in the third quarter. Timucuan Asset Management Inc. FL now owns 1,446,506 shares of the company’s stock valued at $102,311,000 after purchasing an additional 20,211 shares in the last quarter.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

CarMax Price Performance

NYSE KMX opened at $70.26 on Monday. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The stock’s 50-day moving average is $73.83 and its two-hundred day moving average is $73.26. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The firm has a market cap of $11.06 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

CarMax (NYSE:KMXGet Free Report) last posted 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). The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, analysts anticipate that CarMax, Inc. will post 3.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KMX. Mizuho reduced their target price on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Bank of America increased their target price on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. Finally, Needham & Company LLC cut their price objective on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.42.

Check Out Our Latest Stock Report on CarMax

CarMax Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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