Metis Global Partners LLC Boosts Stock Position in CarMax, Inc. (NYSE:KMX)

Metis Global Partners LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 90.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,623 shares of the company’s stock after purchasing an additional 4,575 shares during the quarter. Metis Global Partners LLC’s holdings in CarMax were worth $787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lakewood Asset Management LLC grew its holdings in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after buying an additional 135 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after acquiring an additional 141 shares during the period. Wilmington Savings Fund Society FSB grew its stake in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after acquiring an additional 141 shares in the last quarter. Timber Creek Capital Management LLC increased its holdings in CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after acquiring an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC boosted its holdings in CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after purchasing an additional 164 shares during the period.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock valued at $21,915,445. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMX. Truist Financial upped their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and raised their price target for the company from $90.00 to $110.00 in a report on Thursday, February 6th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $90.91.

CarMax Trading Down 0.5 %

KMX stock opened at $81.14 on Wednesday. The company has a market capitalization of $12.48 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company’s 50 day moving average price is $83.15 and its two-hundred day moving average price is $80.41.

CarMax (NYSE:KMX) last issued its 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. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

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.