Voisard Asset Management Group Inc. Purchases Shares of 1,380 CarMax, Inc. (NYSE:KMX)

Voisard Asset Management Group Inc. purchased a new position in CarMax, Inc. (NYSE:KMX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,380 shares of the company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its position in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 400 shares during the period. Mendota Financial Group LLC acquired a new position in CarMax in the fourth quarter worth about $37,000. MCF Advisors LLC acquired a new position in CarMax in the fourth quarter worth about $46,000. Finally, Lindbrook Capital LLC lifted its stake in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares during the period.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares of the company’s stock, valued at $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Down 0.6 %

Shares of NYSE:KMX traded down $0.40 during midday trading on Friday, hitting $69.89. The company had a trading volume of 2,010,884 shares, compared to its average volume of 1,946,905. The firm has a fifty day simple moving average of $71.11 and a 200 day simple moving average of $73.51. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.34 and a beta of 1.69. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. On average, analysts predict that CarMax, Inc. will post 3.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on KMX shares. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Thursday, May 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 target price on shares of CarMax in a report on Monday, April 8th. StockNews.com raised CarMax to a “sell” rating in a report on Monday, April 22nd. Bank of America lifted their price objective on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.92.

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.