Cwm LLC Boosts Holdings in CarMax, Inc. (NYSE:KMX)

Cwm LLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 30.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,150 shares of the company’s stock after purchasing an additional 5,374 shares during the period. Cwm LLC’s holdings in CarMax were worth $1,791,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMX. First Community Trust NA acquired a new position in CarMax during the second quarter worth about $29,000. Quarry LP boosted its stake in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the period. Studio Investment Management LLC increased its stake in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in CarMax during the first quarter worth $55,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Needham & Company LLC increased their price objective on shares of CarMax from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Evercore ISI dropped their target price on shares of CarMax from $79.00 to $76.00 and set an “in-line” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada raised their price target on CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $79.45.

Insider Activity at CarMax

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of NYSE:KMX opened at $73.67 on Wednesday. The business has a 50-day moving average of $78.03 and a two-hundred day moving average of $75.39. The firm has a market capitalization of $11.50 billion, a PE ratio of 28.78, a P/E/G ratio of 1.46 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. As a group, research analysts forecast that CarMax, Inc. will post 2.97 earnings per share for the current year.

About CarMax

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.