Americana Partners LLC Takes $283,000 Position in CarMax, Inc. (NYSE:KMX)

Americana Partners LLC purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,465 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds have also made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter worth $32,000. True Wealth Design LLC grew its position 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 valued at $34,000 after purchasing an additional 436 shares during the last quarter. Allworth Financial LP increased its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the period. Larson Financial Group LLC lifted its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company's stock worth $57,000 after purchasing an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the 4th quarter worth about $58,000.

CarMax Price Performance

NYSE:KMX traded down $2.98 during mid-day trading on Friday, hitting $82.62. The company's stock had a trading volume of 1,614,402 shares, compared to its average volume of 1,585,182. 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 stock has a fifty day moving average of $83.46 and a 200-day moving average of $80.02. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.71 and a beta of 1.72. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

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 the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on KMX. 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 research report on Thursday, December 19th. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. 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 report on Friday, December 20th. Finally, Evercore ISI upgraded shares of CarMax from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Three investment 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.50.

Insider Activity at CarMax

In related 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 sale, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 in the last ninety days. Insiders own 1.66% of the company's stock.

About CarMax

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.