CarMax, Inc. (NYSE:KMX) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,147 shares of the company’s stock after acquiring an additional 1,111 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CarMax were worth $2,301,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its holdings in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. True Wealth Design LLC lifted its holdings 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 purchasing an additional 436 shares in the last quarter. Allworth Financial LP raised its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the fourth quarter valued at approximately $58,000. Finally, Larson Financial Group LLC raised its position in shares of 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.

CarMax Price Performance

CarMax stock opened at $69.89 on Friday. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The firm has a fifty day moving average of $81.77 and a 200-day moving average of $79.96. The firm has a market capitalization of $10.75 billion, a P/E ratio of 23.69, a PEG ratio of 1.67 and a beta of 1.76. 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 (NYSE:KMX) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Activity

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The shares were 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 in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KMX shares. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Evercore ISI cut their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday. Stephens assumed coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Finally, Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Two 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.com, CarMax currently has a consensus rating of “Hold” and an average target price of $90.45.

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.