Lindbrook Capital LLC Has $48,000 Holdings in CarMax, Inc. (NYSE:KMX)

Lindbrook Capital LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 628 shares of the company’s stock after acquiring an additional 155 shares during the period. Lindbrook Capital LLC’s holdings in CarMax were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. ProVise Management Group LLC grew its holdings in shares of CarMax by 31.5% in the 3rd quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock valued at $4,152,000 after acquiring an additional 14,052 shares in the last quarter. Montag A & Associates Inc. raised its stake in shares of CarMax by 61.6% during the 3rd quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock worth $3,535,000 after purchasing an additional 19,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of CarMax by 8.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 235,544 shares of the company’s stock worth $18,076,000 after purchasing an additional 18,914 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of CarMax by 6.9% in the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock valued at $66,080,000 after buying an additional 60,604 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of CarMax by 3.1% in the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after buying an additional 88,488 shares in the last quarter.

CarMax Stock Down 1.5 %

KMX opened at $69.22 on Friday. The stock has a fifty day moving average of $78.03 and a 200-day moving average of $72.09. The company has a market capitalization of $10.89 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.16 and a beta of 1.61. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26.

CarMax (NYSE:KMX) last posted its quarterly earnings data 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 business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc. will post 3.3 EPS for the current year.

Insider Activity

In related news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated 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 owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price target 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. Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of CarMax in a research note on Tuesday, April 16th. Evercore ISI lowered their price target on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Friday, April 12th. StockNews.com raised CarMax to a “sell” rating in a research report on Monday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.