Greenup Street Wealth Management LLC Purchases Shares of 23,366 CarMax, Inc. (NYSE:KMX)

Greenup Street Wealth Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,366 shares of the company's stock, valued at approximately $1,910,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company's stock valued at $137,180,000 after purchasing an additional 1,713,379 shares during the period. Holocene Advisors LP boosted its holdings in CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock worth $73,274,000 after acquiring an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. grew its position in CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock valued at $114,471,000 after acquiring an additional 436,342 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of CarMax during the third quarter valued at approximately $6,942,000. Finally, Neo Ivy Capital Management purchased a new stake in CarMax during the 3rd quarter worth $3,934,000.

Insider Activity at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the business's 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 owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock valued at $21,503,625 over the last ninety days. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMX. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 target price on the stock. Truist Financial increased their target price 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. Needham & Company LLC raised their target price on shares of CarMax from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, CarMax has a consensus rating of "Hold" and an average target price of $85.17.

CarMax Stock Up 0.2 %

Shares of NYSE:KMX traded up $0.18 during midday trading on Tuesday, reaching $84.71. The company had a trading volume of 564,249 shares, compared to its average volume of 1,633,746. The stock has a market cap of $13.03 billion, a PE ratio of 28.68, a P/E/G ratio of 1.49 and a beta of 1.71. 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 business's 50 day moving average price is $82.50 and its 200 day moving average price is $79.42. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last issued 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 company had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. Research analysts forecast that CarMax, Inc. will post 3.19 EPS for the current fiscal year.

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.