Bryn Mawr Capital Management LLC Takes Position in CarMax, Inc. (NYSE:KMX)

Bryn Mawr Capital Management LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,400 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMX. Diamond Hill Capital Management Inc. boosted its stake in CarMax by 3.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock worth $392,458,000 after buying an additional 210,440 shares during the last quarter. Invesco Ltd. lifted its position in CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after acquiring an additional 88,488 shares in the last quarter. Cooke & Bieler LP lifted its position in CarMax by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock worth $179,928,000 after acquiring an additional 69,409 shares in the last quarter. Northern Trust Corp increased its holdings in CarMax by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,570,993 shares of the company’s stock worth $111,116,000 after purchasing an additional 48,879 shares during the last quarter. Finally, Giverny Capital Inc. increased its holdings in shares of CarMax by 1.3% in the 3rd quarter. Giverny Capital Inc. now owns 1,520,438 shares of the company’s stock valued at $107,541,000 after acquiring an additional 20,198 shares during the last quarter.

CarMax Trading Up 0.5 %

Shares of CarMax stock opened at $69.59 on Friday. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61. The business has a fifty day simple moving average of $77.98 and a 200-day simple moving average of $72.12. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, equities analysts forecast that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

KMX has been the subject of a number of research analyst reports. StockNews.com upgraded CarMax to a “sell” rating in a report on Monday, April 22nd. Needham & Company LLC lowered their price target on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 12th. JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Mizuho lowered their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average price target of $77.42.

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.