Empowered Funds LLC Acquires New Position in CarMax, Inc. (NYSE:KMX)

Empowered Funds LLC bought a new position in CarMax, Inc. (NYSE:KMX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,688 shares of the company's stock, valued at approximately $383,000.

A number of other large investors also recently made changes to their positions in KMX. Catalyst Capital Advisors LLC acquired a new position in CarMax in the third quarter valued at $32,000. True Wealth Design LLC grew its holdings in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after buying an additional 436 shares during the period. ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the 4th quarter valued at about $58,000. Larson Financial Group LLC lifted its holdings 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 acquiring an additional 353 shares during the period. Finally, Concord Wealth Partners lifted its holdings in shares of CarMax by 84,400.0% during the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company's stock worth $65,000 after acquiring an additional 844 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KMX shares. Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Truist Financial upped their price objective on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Stephens began coverage on CarMax in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 target price on the stock. Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded CarMax from a "sell" rating to 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $87.50.

CarMax Stock Down 3.5 %

CarMax stock traded down $2.98 during midday trading on Friday, hitting $82.62. 1,614,402 shares of the company were exchanged, compared to its average volume of 1,388,271. 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 fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company's fifty day moving average price is $83.39 and its 200-day moving average price is $80.08. The company has a market cap of $12.71 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.81 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 analysts' expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. On average, research analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jon G. Daniels sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction 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. This trade represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of CarMax 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 owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. This trade 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 worth $21,915,445 in the last quarter. 1.66% of the stock is owned by corporate insiders.

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.