Inceptionr LLC Buys 949 Shares of CarMax, Inc. (NYSE:KMX)

Inceptionr LLC grew its stake in CarMax, Inc. (NYSE:KMX) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,595 shares of the company’s stock after purchasing an additional 949 shares during the period. Inceptionr LLC’s holdings in CarMax were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMX. True Wealth Design LLC lifted its stake 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 acquiring an additional 436 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP lifted its stake in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares during the last quarter. Larson Financial Group LLC lifted 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 last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the 4th quarter worth approximately $58,000.

Insider Buying and Selling

In related news, 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 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. The trade was a 57.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This represents a 39.88 % 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 worth $21,915,445 in the last ninety days. 1.66% of the stock is owned by insiders.

CarMax Trading Down 0.9 %

Shares of NYSE:KMX opened at $76.75 on Friday. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The business’s fifty day simple moving average is $82.74 and its 200-day simple moving average is $80.36. The company has a market capitalization of $11.80 billion, a PE ratio of 26.02, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last announced 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $0.52 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KMX shares. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC lifted their target price on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $110.00 in a research report on Thursday, February 6th. Truist Financial lifted their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada lifted their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Two 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 data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $90.91.

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.