Amundi Acquires 127,007 Shares of CarMax, Inc. (NYSE:KMX)

Amundi raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 54.3% in the 4th quarter, Holdings Channel reports. The firm owned 360,867 shares of the company’s stock after purchasing an additional 127,007 shares during the quarter. Amundi’s holdings in CarMax were worth $29,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. Lakewood Asset Management LLC raised its holdings in shares of CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after acquiring an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of CarMax by 3.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after acquiring an additional 141 shares in the last quarter. Timber Creek Capital Management LLC raised its holdings in shares of CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock valued at $4,709,000 after acquiring an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC raised its holdings in CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares in the last quarter.

CarMax Price Performance

Shares of NYSE KMX opened at $72.55 on Thursday. The business’s 50 day moving average price is $82.22 and its 200 day moving average price is $80.15. The firm has a market cap of $11.16 billion, a P/E ratio of 24.59, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. 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 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 company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $0.52 earnings per share. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Evercore ISI dropped their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus price target of $90.45.

Insider Buying and Selling at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 directly owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by company insiders.

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.