Assenagon Asset Management S.A. Acquires 238 Shares of CarMax, Inc. (NYSE:KMX)

Assenagon Asset Management S.A. boosted its holdings in CarMax, Inc. (NYSE:KMX) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 30,746 shares of the company’s stock after purchasing an additional 238 shares during the period. Assenagon Asset Management S.A.’s holdings in CarMax were worth $2,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KMX. Vanguard Personalized Indexing Management LLC increased its stake in shares of CarMax by 49.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock worth $681,000 after purchasing an additional 3,155 shares during the period. Intech Investment Management LLC increased its position in CarMax by 5.4% during the 2nd quarter. Intech Investment Management LLC now owns 6,210 shares of the company’s stock worth $455,000 after buying an additional 320 shares during the period. AE Wealth Management LLC lifted its holdings in shares of CarMax by 16.7% during the second quarter. AE Wealth Management LLC now owns 5,273 shares of the company’s stock worth $387,000 after buying an additional 756 shares in the last quarter. Sei Investments Co. boosted its position in shares of CarMax by 166.8% in the second quarter. Sei Investments Co. now owns 119,278 shares of the company’s stock valued at $8,748,000 after acquiring an additional 74,568 shares during the period. Finally, Ensign Peak Advisors Inc grew its stake in shares of CarMax by 6.7% in the second quarter. Ensign Peak Advisors Inc now owns 57,933 shares of the company’s stock valued at $4,249,000 after acquiring an additional 3,650 shares in the last quarter.

CarMax Price Performance

Shares of NYSE KMX opened at $78.27 on Thursday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm’s 50-day moving average price is $82.18 and its 200-day moving average price is $79.23. The firm has a market capitalization of $12.04 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.50 and a beta of 1.71. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. Equities research analysts anticipate that CarMax, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Activity at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on KMX. Royal Bank of Canada lifted their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Finally, BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CarMax has a consensus rating of “Hold” and a consensus target price of $85.17.

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.