Hutchinson Capital Management CA Sells 1,903 Shares of CarMax, Inc. (NYSE:KMX)

Hutchinson Capital Management CA cut its holdings in CarMax, Inc. (NYSE:KMX) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,259 shares of the company’s stock after selling 1,903 shares during the quarter. CarMax makes up approximately 2.4% of Hutchinson Capital Management CA’s holdings, making the stock its 21st largest holding. Hutchinson Capital Management CA’s holdings in CarMax were worth $12,776,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Lakewood Asset Management LLC boosted its position 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 acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in CarMax by 4.3% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB boosted its position in CarMax by 3.1% during the 4th 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 boosted its position in CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock valued at $4,709,000 after acquiring an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after acquiring an additional 164 shares in the last quarter.

Insider Buying and Selling at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mohammad Shamim sold 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,467 shares of company stock worth $21,915,445. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of KMX opened at $69.89 on Friday. The firm has a market cap of $10.75 billion, a PE ratio of 23.69, a P/E/G ratio of 1.67 and a beta of 1.76. 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 has a fifty day simple moving average of $81.77 and a two-hundred day simple moving average of $79.93. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last announced its earnings results 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. The business 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, equities analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Stephens initiated coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Finally, Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average target price of $90.45.

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.