CarMax, Inc. (NYSE:KMX) Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC reduced its holdings in CarMax, Inc. (NYSE:KMX) by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,577 shares of the company’s stock after selling 705 shares during the quarter. Kanawha Capital Management LLC’s holdings in CarMax were worth $292,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KMX. Exchange Traded Concepts LLC increased its position in CarMax by 41.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,212 shares of the company’s stock valued at $558,000 after acquiring an additional 2,118 shares during the period. Creative Planning increased its position in shares of CarMax by 5.9% during the 3rd quarter. Creative Planning now owns 13,833 shares of the company’s stock valued at $1,070,000 after purchasing an additional 766 shares during the period. Good Life Advisors LLC acquired a new position in shares of CarMax during the 3rd quarter valued at $416,000. Global Retirement Partners LLC increased its position in shares of CarMax by 9.3% during the 3rd quarter. Global Retirement Partners LLC now owns 15,287 shares of the company’s stock valued at $1,183,000 after purchasing an additional 1,307 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of CarMax by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,304 shares of the company’s stock valued at $1,339,000 after purchasing an additional 298 shares during the period.

Insider Activity

In other news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated 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 owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 in the last 90 days. Company insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMX. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $110.00 in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $87.50.

CarMax Trading Up 1.5 %

NYSE:KMX opened at $88.91 on Friday. The stock has a market cap of $13.67 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock’s 50-day moving average is $83.38 and its two-hundred day moving average is $79.87.

CarMax (NYSE:KMX) last issued 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 company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. As a group, equities research analysts forecast that CarMax, Inc. will post 3.22 earnings per share for the current fiscal 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.