CarMax, Inc. (NYSE:KMX) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its stake in shares of CarMax, Inc. (NYSE:KMXFree Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,113 shares of the company’s stock after buying an additional 1,518 shares during the quarter. Verdence Capital Advisors LLC’s holdings in CarMax were worth $853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. CENTRAL TRUST Co grew its stake in shares of CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Ronald Blue Trust Inc. increased its holdings in shares of CarMax by 194.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares during the last quarter. VitalStone Financial LLC acquired a new position in CarMax in the first quarter valued at approximately $33,000. Finally, Creative Financial Designs Inc. ADV grew its position in CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 400 shares during the period.

Insiders Place Their Bets

In other news, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, 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 sold 38,929 shares of company stock valued at $2,740,901 in the last ninety days. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Needham & Company LLC dropped their target price on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 12th. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of CarMax in a research note on Tuesday, April 16th. Royal Bank of Canada restated an “outperform” rating and set a $83.00 price target on shares of CarMax in a research report on Monday, April 8th. Finally, Robert W. Baird decreased their target price 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 assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $77.42.

Read Our Latest Stock Analysis on CarMax

CarMax Stock Up 0.6 %

Shares of NYSE:KMX opened at $68.34 on Monday. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The firm’s 50 day moving average price is $78.42 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 cap of $10.76 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

CarMax (NYSE:KMXGet Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. As a group, equities research analysts predict that CarMax, Inc. will post 3.3 earnings per share for the current fiscal year.

CarMax Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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