Inlet Private Wealth LLC Has $4.41 Million Holdings in CarMax, Inc. (NYSE:KMX)

Inlet Private Wealth LLC reduced its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,930 shares of the company's stock after selling 4,300 shares during the period. Inlet Private Wealth LLC's holdings in CarMax were worth $4,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Quarry LP grew its position in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax during the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its holdings 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 buying an additional 436 shares during the period. Larson Financial Group LLC raised its holdings in shares of CarMax by 91.9% during the third 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, ST Germain D J Co. Inc. bought a new position in CarMax in the fourth quarter valued at $58,000.

CarMax Stock Down 0.2 %

Shares of KMX traded down $0.14 during trading hours on Wednesday, reaching $84.01. The company's stock had a trading volume of 905,297 shares, compared to its average volume of 1,605,287. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 1.66 and a beta of 1.72. The company has a 50 day moving average of $83.06 and a two-hundred day moving average of $79.57. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. 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 released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The business 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 firm'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 business posted $0.52 earnings per share. As a group, research analysts predict that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Friday, December 20th. Royal Bank of Canada raised their target price on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Wedbush reissued an "outperform" rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Evercore ISI lifted their price target on shares of CarMax from $83.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $85.42.

Insider Buying and Selling

In related news, SVP Jon G. Daniels sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was 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 $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William D. Nash sold 120,513 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by 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.