Intrinsic Value Partners LLC Has $959,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

Intrinsic Value Partners LLC trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,725 shares of the company’s stock after selling 300 shares during the quarter. CarMax comprises about 1.0% of Intrinsic Value Partners LLC’s portfolio, making the stock its 25th biggest position. Intrinsic Value Partners LLC’s holdings in CarMax were worth $959,000 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. Catalyst Capital Advisors LLC bought a new stake in CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC increased its position in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Larson Financial Group LLC increased its position in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in CarMax in the 4th quarter valued at about $58,000. Finally, Concord Wealth Partners increased its position in CarMax by 84,400.0% in the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after buying an additional 844 shares in the last quarter.

CarMax Trading Up 1.5 %

NYSE:KMX opened at $88.91 on Friday. The company has a market cap of $13.67 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.70 and a beta of 1.72. The stock’s fifty day moving average price is $83.38 and its two-hundred day moving average price is $79.87. 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 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm 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 business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. As a group, analysts expect that CarMax, Inc. will post 3.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMX. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, 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. Three 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 company’s stock. Based on data from MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $87.50.

Insider Buying and Selling

In other news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction 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 approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated 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 in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

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.