Choreo LLC Increases Position in CarMax, Inc. (NYSE:KMX)

Choreo LLC increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 47.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,483 shares of the company’s stock after buying an additional 3,368 shares during the period. Choreo LLC’s holdings in CarMax were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax during the 3rd quarter worth approximately $32,000. True Wealth Design LLC increased its stake in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Larson Financial Group LLC raised its holdings in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in CarMax during the fourth quarter worth $58,000. Finally, Concord Wealth Partners grew its holdings in CarMax by 84,400.0% in the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after purchasing an additional 844 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KMX. Royal Bank of Canada lifted their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Truist Financial increased their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Needham & Company LLC increased their target price on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and an average target price of $87.50.

Insider Activity at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by company insiders.

CarMax Price Performance

KMX stock opened at $85.24 on Monday. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The stock’s fifty day simple moving average is $83.11 and its 200-day simple moving average is $79.67. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that CarMax, Inc. will post 3.22 EPS for the current year.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.