BankPlus Trust Department Purchases New Stake in CarMax, Inc. (NYSE:KMX)

BankPlus Trust Department purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,039 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in CarMax during the fourth quarter valued at about $273,000. World Investment Advisors LLC bought a new position in CarMax during the third quarter valued at about $6,942,000. Sumitomo Mitsui Trust Group Inc. grew its position in CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after buying an additional 10,898 shares during the period. HF Advisory Group LLC grew its position in CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after buying an additional 3,222 shares during the period. Finally, Merit Financial Group LLC bought a new position in CarMax during the fourth quarter valued at about $600,000.

Insider Activity at CarMax

In related news, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock valued at $21,915,445 over the last three months. 1.66% of the stock is owned by corporate insiders.

CarMax Trading Up 0.3 %

Shares of CarMax stock opened at $82.82 on Tuesday. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.67 and a beta of 1.72. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company’s 50-day moving average price is $83.33 and its 200-day moving average price is $80.20.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. On average, equities analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMX. JPMorgan Chase & Co. increased their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada increased their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.50.

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.