Kentucky Retirement Systems Sells 147 Shares of CarMax, Inc. (NYSE:KMX)

Kentucky Retirement Systems trimmed its stake in CarMax, Inc. (NYSE:KMX) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,726 shares of the company’s stock after selling 147 shares during the quarter. Kentucky Retirement Systems’ holdings in CarMax were worth $877,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Lakewood Asset Management LLC boosted its holdings in CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after acquiring an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in CarMax by 3.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after acquiring an additional 141 shares in the last quarter. Timber Creek Capital Management LLC boosted its holdings in CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after acquiring an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its holdings in CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after acquiring an additional 164 shares in the last quarter.

CarMax Stock Up 0.3 %

CarMax stock opened at $82.82 on Tuesday. The stock has a market cap of $12.74 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The stock has a fifty day moving average of $83.33 and a 200 day moving average of $80.20.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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%. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, sell-side analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMX. Stephens began coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. JPMorgan Chase & Co. upped their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and upped their price target for the company from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, Truist Financial upped their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $87.50.

Insiders Place Their Bets

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the company’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 completion of the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $84,873.50. The trade was a 90.95 % decrease in their position. 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 quarter. 1.66% of the stock is currently owned by corporate insiders.

CarMax Company 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.