Tennessee Valley Asset Management Partners Purchases New Holdings in CarMax, Inc. (NYSE:KMX)

Tennessee Valley Asset Management Partners purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,735 shares of the company’s stock, valued at approximately $133,000.

Other large investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. lifted its position in shares of CarMax by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock valued at $392,458,000 after buying an additional 210,440 shares during the last quarter. Invesco Ltd. increased its stake in shares of CarMax by 3.1% during the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after purchasing an additional 88,488 shares during the period. Northern Trust Corp increased its stake in shares of CarMax by 3.2% during the third quarter. Northern Trust Corp now owns 1,570,993 shares of the company’s stock worth $111,116,000 after purchasing an additional 48,879 shares during the period. Giverny Capital Inc. increased its stake in shares of CarMax by 1.3% during the third quarter. Giverny Capital Inc. now owns 1,520,438 shares of the company’s stock worth $107,541,000 after purchasing an additional 20,198 shares during the period. Finally, Timucuan Asset Management Inc. FL increased its stake in shares of CarMax by 1.4% during the third quarter. Timucuan Asset Management Inc. FL now owns 1,446,506 shares of the company’s stock worth $102,311,000 after purchasing an additional 20,211 shares during the period.

CarMax Stock Down 0.7 %

Shares of NYSE:KMX opened at $67.88 on Tuesday. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.13 and a beta of 1.61. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The business’s 50 day moving average is $78.24 and its 200 day moving average is $72.10.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, sell-side analysts forecast that CarMax, Inc. will post 3.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. StockNews.com upgraded CarMax to a “sell” rating in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 price target on shares of CarMax in a research note on Monday, April 8th. JPMorgan Chase & Co. decreased their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, April 15th. Finally, Robert W. Baird decreased their price target on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $77.42.

About CarMax

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.