SYM FINANCIAL Corp Acquires Shares of 3,826 CarMax, Inc. (NYSE:KMX)

SYM FINANCIAL Corp purchased a new position in shares of CarMax, Inc. (NYSE:KMX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,826 shares of the company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMX. FMR LLC boosted its stake in shares of CarMax by 2,883.1% during 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. Holocene Advisors LP boosted its position in CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after purchasing an additional 834,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after purchasing an additional 436,342 shares during the period. World Investment Advisors LLC purchased a new stake in shares of CarMax in the third quarter valued at approximately $6,942,000. Finally, Neo Ivy Capital Management acquired a new position in shares of CarMax during the 3rd quarter worth approximately $3,934,000.

Insider Buying and Selling

In related news, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last ninety days. Company insiders own 1.66% of the company’s stock.

CarMax Trading Down 2.2 %

KMX opened at $85.64 on Monday. The stock has a market capitalization of $13.17 billion, a PE ratio of 29.03, a P/E/G ratio of 1.66 and a beta of 1.71. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The business’s 50 day moving average price is $83.10 and its 200 day moving average price is $79.52.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate 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 return on equity of 7.49% and a net margin of 1.77%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. As a group, equities research analysts expect that CarMax, Inc. will post 3.25 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Stephens started coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Needham & Company LLC lifted their price objective on CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Evercore ISI increased their target price on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Finally, Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.17.

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.