Choreo LLC Buys 3,368 Shares of CarMax, Inc. (NYSE:KMX)

Choreo LLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 47.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,483 shares of the company's stock after buying an additional 3,368 shares during the period. Choreo LLC's holdings in CarMax were worth $860,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KMX. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax during the 3rd quarter valued at $32,000. True Wealth Design LLC increased its stake in 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 in the last quarter. Larson Financial Group LLC boosted 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 in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the 4th quarter valued at about $58,000. Finally, Concord Wealth Partners increased its position in CarMax by 84,400.0% in the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company's stock valued at $65,000 after buying an additional 844 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased 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. Truist Financial lifted their price target on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Finally, Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $87.50.

CarMax Price Performance

NYSE:KMX traded up $1.20 during trading hours on Thursday, hitting $87.64. 1,172,444 shares of the company's stock traded hands, compared to its average volume of 1,575,698. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The business's fifty day simple moving average is $83.32 and its two-hundred day simple moving average is $79.83. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market cap of $13.48 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Insider Transactions at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock valued at $21,915,445 in the last quarter. Insiders own 1.66% of the company's stock.

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.