Geneos Wealth Management Inc. Has $1.64 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Geneos Wealth Management Inc. boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,113 shares of the company’s stock after purchasing an additional 1,120 shares during the period. Geneos Wealth Management Inc.’s holdings in CarMax were worth $1,644,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KMX. Sei Investments Co. grew its stake in shares of CarMax by 166.8% in the second quarter. Sei Investments Co. now owns 119,278 shares of the company’s stock valued at $8,748,000 after buying an additional 74,568 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of CarMax by 65.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,953 shares of the company’s stock valued at $437,000 after acquiring an additional 2,360 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of CarMax by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,143 shares of the company’s stock worth $2,211,000 after purchasing an additional 11,328 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of CarMax by 212.8% in the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock valued at $35,851,000 after purchasing an additional 332,574 shares during the period. Finally, APG Asset Management N.V. lifted its stake in CarMax by 217.7% in the 2nd quarter. APG Asset Management N.V. now owns 18,387 shares of the company’s stock valued at $1,258,000 after purchasing an additional 12,600 shares during the last quarter.

CarMax Stock Performance

KMX opened at $82.72 on Monday. 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 52-week low of $65.83 and a 52-week high of $91.25. The firm has a market cap of $12.72 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.49 and a beta of 1.71. The business’s fifty day moving average is $82.35 and its 200-day moving average is $79.39.

CarMax (NYSE:KMX) last posted its quarterly 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. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that CarMax, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMX. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Evercore ISI increased their price target on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Needham & Company LLC upped their price objective on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.17.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. This trade represents a 57.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,598 shares of company stock valued at $21,503,625 in the last quarter. 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.