BankPlus Trust Department Purchases Shares of 1,039 CarMax, Inc. (NYSE:KMX)

BankPlus Trust Department purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,039 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Hawaiian Bank bought a new position in CarMax during the fourth quarter valued at approximately $273,000. World Investment Advisors LLC bought a new position in CarMax during the third quarter valued at approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after purchasing an additional 10,898 shares during the last quarter. HF Advisory Group LLC grew its holdings in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after purchasing an additional 3,222 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of CarMax in the fourth quarter worth approximately $600,000.

CarMax Stock Performance

Shares of CarMax stock opened at $82.82 on Tuesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $12.74 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.67 and a beta of 1.72. The business has a fifty day simple moving average of $83.33 and a two-hundred day simple moving average of $80.20. 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, beating the consensus estimate of $0.62 by $0.19. The business 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 for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMX. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada raised their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average price target of $87.50.

Insider Buying and Selling at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction on 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 $765,288. This represents a 57.93 % 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 valued at $21,915,445. 1.66% of the stock is currently owned by company insiders.

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.