Inkwell Capital LLC Acquires New Shares in CarMax, Inc. (NYSE:KMX)

Inkwell Capital LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 46,831 shares of the company’s stock, valued at approximately $3,829,000. CarMax accounts for approximately 4.1% of Inkwell Capital LLC’s holdings, making the stock its 9th biggest holding.

Several other large investors also recently bought and sold shares of the company. First Hawaiian Bank purchased a new stake in CarMax in the 4th quarter valued at approximately $273,000. Sequoia Financial Advisors LLC lifted its position in shares of CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock valued at $261,000 after acquiring an additional 307 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after acquiring an additional 1,396 shares during the last quarter. World Investment Advisors LLC purchased a new stake in CarMax during the 3rd quarter worth about $6,942,000. Finally, HF Advisory Group LLC raised its stake in CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares during the last quarter.

Insider Transactions at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,709 shares of company stock valued at $7,642,379. Insiders own 1.66% of the company’s stock.

CarMax Stock Down 1.3 %

Shares of NYSE:KMX opened at $75.92 on Friday. The firm has a market cap of $11.68 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The company has a fifty day simple moving average of $80.45 and a 200 day simple moving average of $79.30. 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, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KMX shares. Mizuho raised their price target 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. Evercore ISI decreased their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada lifted their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their target price on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $90.18.

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.