3,725 Shares in CarMax, Inc. (NYSE:KMX) Acquired by Choreo LLC

Choreo LLC bought a new stake in CarMax, Inc. (NYSE:KMX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,725 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 400 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in CarMax during the 4th quarter worth about $37,000. MCF Advisors LLC acquired a new position in shares of CarMax during the 4th quarter worth about $46,000. Finally, Lindbrook Capital LLC increased its holdings in shares of CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the last quarter.

CarMax Stock Performance

Shares of KMX stock opened at $68.71 on Friday. The stock’s 50-day moving average price is $77.72 and its 200 day moving average price is $72.08. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $10.81 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts forecast that CarMax, Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KMX has been the subject of several recent analyst reports. Truist Financial decreased their target price on CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, April 12th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Bank of America boosted their price target on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $83.00 price objective on shares of CarMax in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.