Greenup Street Wealth Management LLC Acquires Shares of 23,366 CarMax, Inc. (NYSE:KMX)

Greenup Street Wealth Management LLC purchased a new stake in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,366 shares of the company’s stock, valued at approximately $1,910,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after purchasing an additional 1,713,379 shares during the period. Holocene Advisors LP boosted its stake in shares of CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after purchasing an additional 834,232 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after buying an additional 436,342 shares during the period. World Investment Advisors LLC bought a new stake in shares of CarMax during the third quarter worth approximately $6,942,000. Finally, Neo Ivy Capital Management acquired a new position in CarMax in the third quarter valued at approximately $3,934,000.

CarMax Stock Performance

Shares of KMX opened at $84.54 on Tuesday. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.49 and a beta of 1.71. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm has a fifty day simple moving average of $82.50 and a 200 day simple moving average of $79.42. 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 posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during 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%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. Research analysts forecast that CarMax, Inc. will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI upped their target price on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Stephens initiated coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Finally, Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.17.

Insiders Place Their Bets

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock valued at $21,503,625 in the last 90 days. 1.66% of the stock is currently owned by insiders.

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.