Charles Schwab Investment Management Inc. Grows Stock Holdings in CarMax, Inc. (NYSE:KMX)

Charles Schwab Investment Management Inc. lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,494,460 shares of the company's stock after acquiring an additional 15,120 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.97% of CarMax worth $122,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lakewood Asset Management LLC lifted its position in shares of CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock worth $1,778,000 after purchasing an additional 135 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of CarMax by 3.1% during the 4th 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 increased its holdings in shares of CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after acquiring an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its holdings in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after acquiring an additional 164 shares during the last quarter.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMX. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Needham & Company LLC upped their target price on shares of CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Friday, December 20th. Two equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $90.45.

CarMax Stock Performance

Shares of KMX stock traded down $0.17 during midday trading on Wednesday, hitting $72.60. The company had a trading volume of 1,253,520 shares, compared to its average volume of 1,669,288. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company's 50 day simple moving average is $82.40 and its 200 day simple moving average is $80.20. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. Research analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Mohammad Shamim sold 10,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 over the last quarter. Corporate insiders own 1.66% of the company's stock.

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.