Hickory Asset Management Inc. Invests $510,000 in CarMax, Inc. (NYSE:KMX)

Hickory Asset Management Inc. acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,235 shares of the company’s stock, valued at approximately $510,000.

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

CarMax Stock Performance

CarMax stock opened at $88.91 on Friday. The stock has a 50-day simple moving average of $83.38 and a 200 day simple moving average of $79.87. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock 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, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

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

Insider Buying and Selling

In other news, SVP Tyler Tuite sold 4,869 shares of the business’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 completion of the transaction, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $84,873.50. The trade was a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 over the last three months. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KMX. Needham & Company LLC lifted their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note 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. JPMorgan Chase & Co. lifted their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada lifted their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.50.

CarMax 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.