Exchange Traded Concepts LLC Buys 975 Shares of CarMax, Inc. (NYSE:KMX)

Exchange Traded Concepts LLC grew its stake in CarMax, Inc. (NYSE:KMX) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,187 shares of the company’s stock after purchasing an additional 975 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CarMax were worth $669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KMX. State Street Corp increased its position in shares of CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after buying an additional 36,959 shares during the period. Janus Henderson Group PLC boosted its position in CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after acquiring an additional 28,466 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after acquiring an additional 14,903 shares during the period. FMR LLC raised its position in shares of CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CarMax by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock valued at $116,869,000 after purchasing an additional 11,865 shares during the period.

CarMax Trading Up 0.6 %

CarMax stock opened at $85.75 on Thursday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The business’s fifty day moving average is $82.88 and its 200 day moving average is $79.50. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock has a market capitalization of $13.19 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.71.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. On average, sell-side analysts predict that CarMax, Inc. will post 3.19 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Mizuho increased their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.17.

Insider Buying and Selling at CarMax

In other news, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $983,292.26. This represents a 46.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 259,598 shares of company stock worth $21,503,625. Insiders own 1.66% of the company’s stock.

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.