9,918 Shares in CarMax, Inc. (NYSE:KMX) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,918 shares of the company's stock, valued at approximately $811,000.

A number of other hedge funds have also recently bought and sold shares of KMX. Lakewood Asset Management LLC boosted its holdings in shares of CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock worth $1,778,000 after buying an additional 135 shares during the last quarter. Arete Wealth Advisors LLC increased its position in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after buying an additional 141 shares during the period. Chemistry Wealth Management LLC increased its position in shares of 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 purchasing an additional 164 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. increased its position in shares of CarMax by 1.6% in the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company's stock worth $820,000 after purchasing an additional 170 shares during the last quarter.

CarMax Stock Performance

Shares of KMX stock traded up $1.31 during trading hours on Friday, reaching $88.91. 1,671,132 shares of the company traded hands, compared to its average volume of 1,478,010. The firm has a 50-day moving average price of $83.38 and a 200 day moving average price of $79.83. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. 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 $13.67 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, sell-side analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased 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. Evercore ISI upgraded CarMax from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price target for the company. Needham & Company LLC raised their price target on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $87.50.

Insider Activity

In related news, SVP Jon G. Daniels sold 10,000 shares of the business's stock in a transaction on 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 owns 995 shares in the company, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company's stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by 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.