Cooke & Bieler LP Sells 50,178 Shares of CarMax, Inc. (NYSE:KMX)

Cooke & Bieler LP lessened its stake in CarMax, Inc. (NYSE:KMX) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,827,313 shares of the company’s stock after selling 50,178 shares during the quarter. CarMax makes up about 1.4% of Cooke & Bieler LP’s holdings, making the stock its 25th largest position. Cooke & Bieler LP’s holdings in CarMax were worth $149,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after purchasing an additional 282,519 shares in the last quarter. State Street Corp lifted its holdings in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after acquiring an additional 36,959 shares during the period. Janus Henderson Group PLC lifted its holdings in CarMax by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after acquiring an additional 28,466 shares during the period. Geode Capital Management LLC lifted its holdings in CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after acquiring an additional 14,903 shares during the period. Finally, First Pacific Advisors LP lifted its holdings in CarMax by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock worth $195,984,000 after acquiring an additional 13,487 shares during the period.

Insider Buying and Selling

In related news, 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 transaction of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. The trade was a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % 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 ninety days. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

Shares of NYSE KMX opened at $73.98 on Tuesday. The stock has a market cap of $11.38 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a fifty day moving average of $82.58 and a 200-day moving average of $80.29.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Equities research analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

KMX has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Needham & Company LLC lifted 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. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Two investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $90.91.

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.