SYM FINANCIAL Corp Invests $313,000 in CarMax, Inc. (NYSE:KMX)

SYM FINANCIAL Corp purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,826 shares of the company's stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP increased its position in shares of 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 in the last quarter. Catalyst Capital Advisors LLC acquired a new position in CarMax during the third quarter worth approximately $32,000. True Wealth Design LLC lifted its stake 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 last quarter. Larson Financial Group LLC lifted its stake in CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after buying an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $58,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI upgraded shares of CarMax from an "in-line" rating to an "outperform" rating and upped their price target for the company from $90.00 to $110.00 in a research report on Thursday. Truist Financial upped their target price on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Royal Bank of Canada raised their price target on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Finally, Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Three 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 company's stock. According to MarketBeat, CarMax presently has a consensus rating of "Hold" and a consensus price target of $87.50.

Insider Activity at CarMax

In other news, 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 transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction on 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 completion of the transaction, the vice president now directly owns 9,448 shares of the company's stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 in the last ninety days. Corporate insiders own 1.66% of the company's stock.

CarMax Price Performance

Shares of NYSE:KMX traded up $2.59 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 50-day moving average of $83.09 and a 200-day moving average of $79.65. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 1.66 and a beta of 1.72. 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 earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that CarMax, Inc. will post 3.25 earnings per share for the current fiscal year.

CarMax Company 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.