Argent Trust Co Has $2.80 Million Stake in CarMax, Inc. (NYSE:KMX)

Argent Trust Co boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,200 shares of the company’s stock after buying an additional 3,434 shares during the quarter. Argent Trust Co’s holdings in CarMax were worth $2,796,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cromwell Holdings LLC lifted its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the period. Allworth Financial LP boosted its stake in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax during the fourth quarter worth $58,000. Farther Finance Advisors LLC raised its stake in CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after buying an additional 480 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in CarMax in the fourth quarter valued at $85,000.

Insiders Place Their Bets

In related news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,878 shares of company stock valued at $1,872,699. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Down 16.8 %

Shares of NYSE:KMX opened at $66.64 on Friday. The business’s 50 day moving average is $78.93 and its 200 day moving average is $79.20. CarMax, Inc. has a 12-month low of $63.23 and a 12-month high of $91.25. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 1.67 and a beta of 1.58. 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 earnings results on Thursday, April 10th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.08). CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on KMX. Truist Financial lifted their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Needham & Company LLC increased their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Evercore ISI lowered their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $90.64.

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.