Hickory Asset Management Inc. Makes New $510,000 Investment in CarMax, Inc. (NYSE:KMX)

Hickory Asset Management Inc. purchased a new stake in CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,235 shares of the company's stock, valued at approximately $510,000.

A number of other hedge funds have also modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in CarMax in the third quarter valued at about $32,000. True Wealth Design LLC boosted its position in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after purchasing an additional 436 shares during the period. Larson Financial Group LLC increased its holdings in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after purchasing an additional 353 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in CarMax in the fourth quarter valued at approximately $58,000. Finally, Concord Wealth Partners lifted its stake in CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company's stock worth $65,000 after purchasing an additional 844 shares in the last quarter.

Insider Buying and Selling

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares of the company's stock, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares of the company's stock, valued at approximately $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 264,467 shares of company stock worth $21,915,445 in the last quarter. 1.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Evercore ISI upgraded shares of CarMax from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Finally, Needham & Company LLC increased their price objective on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $87.50.

CarMax Stock Down 2.0 %

Shares of CarMax stock traded down $1.76 during trading hours on Wednesday, hitting $87.43. The company had a trading volume of 1,796,628 shares, compared to its average volume of 1,584,535. 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 moving average is $83.48 and its two-hundred day moving average is $79.98. The company has a market cap of $13.45 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.72. CarMax, Inc. has a twelve month low of $65.83 and a twelve month 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, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. CarMax's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts anticipate that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

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.