Gagnon Securities LLC Buys 321 Shares of CarMax, Inc. (NYSE:KMX)

Gagnon Securities LLC grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 159,147 shares of the company’s stock after acquiring an additional 321 shares during the period. CarMax accounts for about 2.6% of Gagnon Securities LLC’s investment portfolio, making the stock its 16th biggest holding. Gagnon Securities LLC’s holdings in CarMax were worth $13,012,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KMX. Quarry LP boosted its holdings in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC grew its stake in shares of 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 buying an additional 436 shares during the period. Larson Financial Group LLC grew its stake in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of CarMax in the 4th quarter valued at approximately $58,000.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Evercore ISI lifted their target price on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC lifted their target price on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.17.

Insider Activity at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 120,513 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. 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 company insiders.

CarMax Trading Down 2.2 %

NYSE KMX opened at $85.64 on Friday. The stock has a 50 day moving average of $83.10 and a 200-day moving average of $79.58. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a market cap of $13.17 billion, a PE ratio of 29.03, a PEG ratio of 1.66 and a beta of 1.71. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

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.