Wilmington Savings Fund Society FSB Grows Position in CarMax, Inc. (NYSE:KMX)

Wilmington Savings Fund Society FSB grew its holdings in CarMax, Inc. (NYSE:KMX) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,682 shares of the company’s stock after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB’s holdings in CarMax were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new position in shares of CarMax during the 4th quarter worth $273,000. World Investment Advisors LLC purchased a new position in CarMax during the third quarter worth $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its stake in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter. HF Advisory Group LLC lifted its stake in shares of CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after buying an additional 3,222 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of CarMax during the 4th quarter worth $600,000.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares in the company, valued at approximately $1,855,024.05. This represents a 71.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by insiders.

CarMax Stock Performance

Shares of CarMax stock opened at $86.77 on Wednesday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The stock’s 50-day moving average is $83.21 and its 200-day moving average is $79.72. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25.

CarMax (NYSE:KMX) last released its 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. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. Equities analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. Stephens started coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Truist Financial lifted their price objective 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. Finally, Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.50.

About CarMax

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.