Claro Advisors LLC Makes New Investment in CarMax, Inc. (NYSE:KMX)

Claro Advisors LLC purchased a new stake in CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,637 shares of the company’s stock, valued at approximately $216,000.

Several other large investors have also recently made changes to their positions in KMX. Quarry LP grew its stake in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of CarMax during the 4th quarter worth approximately $58,000. Finally, Larson Financial Group LLC lifted its position in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on KMX. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Evercore ISI raised their price target on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.17.

Insider Buying and Selling at CarMax

In other news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Shamim sold 12,845 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $81.94, for a total transaction of $1,052,519.30. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $961,811.72. This trade represents a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 241,589 shares of company stock valued at $20,042,746. 1.66% of the stock is owned by company insiders.

CarMax Trading Up 0.9 %

NYSE KMX opened at $80.29 on Thursday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The company has a market capitalization of $12.35 billion, a PE ratio of 30.18, a P/E/G ratio of 1.74 and a beta of 1.71. The company has a fifty day moving average of $81.87 and a 200 day moving average of $78.99.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business posted $0.52 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current year.

CarMax Company 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.