Leavell Investment Management Inc. Has $282,000 Stake in CarMax, Inc. (NYSE:KMX)

Leavell Investment Management Inc. lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,453 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Leavell Investment Management Inc.’s holdings in CarMax were worth $282,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KMX. Lakewood Asset Management LLC raised its holdings in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after buying an additional 135 shares during the period. Arete Wealth Advisors LLC lifted its position in CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after acquiring an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares during the period. Chemistry Wealth Management LLC increased its holdings in CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its stake in shares of CarMax by 1.6% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after purchasing an additional 170 shares during the period.

CarMax Price Performance

NYSE:KMX opened at $88.91 on Friday. 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, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The stock’s 50 day moving average price is $83.38 and its two-hundred day moving average price is $79.87. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.70 and a beta of 1.72.

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

Insider Buying and Selling

In related news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,467 shares of company stock valued at $21,915,445. Company insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Needham & Company LLC lifted their price target 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. Finally, Truist Financial increased their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus target price of $87.50.

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.