Oregon Pacific Wealth Management LLC Buys Shares of 5,835 CarMax, Inc. (NYSE:KMX)

Oregon Pacific Wealth Management LLC acquired a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,835 shares of the company's stock, valued at approximately $477,000.

Several other institutional investors also recently modified their holdings of the company. Quarry LP grew its holdings in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax in the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its position in shares of 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 last quarter. Larson Financial Group LLC boosted its stake 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, ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the 4th quarter worth approximately $58,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMX. Needham & Company LLC raised their price target on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a report on Monday. Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Royal Bank of Canada upped their price target 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. Stephens assumed coverage on shares of CarMax in a research report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Finally, Wedbush restated an "outperform" rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $87.50.

CarMax Price Performance

NYSE:KMX traded up $2.59 during trading hours on Thursday, reaching $86.47. 1,650,228 shares of the company were exchanged, compared to its average volume of 1,630,668. The company has a market capitalization of $13.30 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.66 and a beta of 1.72. 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 business has a 50 day moving average of $83.09 and a 200 day moving average of $79.65. 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 earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Research analysts forecast that CarMax, Inc. will post 3.25 EPS for the current year.

Insider Buying and Selling at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. This trade represents a 57.93 % 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 Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $84,873.50. This represents a 90.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last ninety days. 1.66% of the stock is currently owned by company 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.