WCM Investment Management LLC Acquires 5,261 Shares of CarMax, Inc. (NYSE:KMX)

WCM Investment Management LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,886 shares of the company’s stock after acquiring an additional 5,261 shares during the period. WCM Investment Management LLC’s holdings in CarMax were worth $3,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of CarMax by 194.0% during the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after acquiring an additional 289 shares in the last quarter. VitalStone Financial LLC bought a new stake in shares of CarMax during the first quarter worth about $33,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the last quarter.

CarMax Stock Performance

Shares of KMX stock opened at $71.41 on Monday. The stock has a market capitalization of $11.28 billion, a P/E ratio of 23.57, a PEG ratio of 1.09 and a beta of 1.61. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The firm’s 50 day moving average is $78.80 and its 200 day moving average is $72.10. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on KMX. Evercore ISI cut their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday. Truist Financial cut their price target on shares of CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a report on Friday. Bank of America boosted their price target on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Robert W. Baird cut their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Needham & Company LLC cut their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $78.67.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the sale, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by corporate insiders.

CarMax Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.