Resonant Capital Advisors LLC Raises Stock Holdings in CarMax, Inc. (NYSE:KMX)

Resonant Capital Advisors LLC boosted its position in CarMax, Inc. (NYSE:KMX) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,430 shares of the company’s stock after buying an additional 481 shares during the quarter. Resonant Capital Advisors LLC’s holdings in CarMax were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of KMX. Norges Bank purchased a new stake in shares of CarMax during the fourth quarter valued at approximately $99,730,000. Wellington Management Group LLP boosted its stake in shares of CarMax by 29.4% during the first quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock valued at $342,400,000 after purchasing an additional 805,438 shares during the period. American Century Companies Inc. boosted its stake in shares of CarMax by 674.3% during the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock valued at $57,059,000 after purchasing an additional 702,526 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of CarMax by 2,311.1% during the third quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock valued at $42,697,000 after purchasing an additional 578,622 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of CarMax by 119.1% during the first quarter. Two Sigma Investments LP now owns 769,249 shares of the company’s stock valued at $49,447,000 after purchasing an additional 418,078 shares during the period.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. Insiders have sold 38,929 shares of company stock worth $2,740,901 in the last ninety days. Insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Tuesday, April 9th. Evercore ISI decreased their target price on CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a report on Friday, April 12th. Mizuho decreased their target price on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Wedbush reiterated an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $77.42.

CarMax Stock Performance

Shares of KMX stock opened at $68.34 on Friday. The company has a market cap of $10.76 billion, a PE ratio of 22.55, a PEG ratio of 1.08 and a beta of 1.61. The business’s fifty day simple moving average is $78.42 and its 200-day simple moving average is $72.03. 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 posted 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). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts expect that CarMax, Inc. will post 3.43 earnings per share for the current fiscal year.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.