Chemistry Wealth Management LLC Has $999,000 Position in CarMax, Inc. (NYSE:KMX)

Chemistry Wealth Management LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,218 shares of the company’s stock after purchasing an additional 164 shares during the period. Chemistry Wealth Management LLC’s holdings in CarMax were worth $999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avanza Fonder AB acquired a new position in shares of CarMax in the fourth quarter valued at about $1,240,000. Cypress Wealth Services LLC grew its stake in shares of CarMax by 5.2% in the fourth quarter. Cypress Wealth Services LLC now owns 3,614 shares of the company’s stock valued at $295,000 after acquiring an additional 179 shares in the last quarter. Lakewood Asset Management LLC grew its stake 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. Assenagon Asset Management S.A. grew its stake in shares of CarMax by 0.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 30,746 shares of the company’s stock valued at $2,514,000 after acquiring an additional 238 shares in the last quarter. Finally, Professional Financial Advisors LLC grew its stake in shares of CarMax by 3.9% in the fourth quarter. Professional Financial Advisors LLC now owns 18,161 shares of the company’s stock valued at $1,485,000 after acquiring an additional 683 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMX. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada increased their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.17.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is currently owned by insiders.

CarMax Stock Down 0.9 %

KMX stock opened at $78.96 on Friday. The stock has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. 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, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm has a 50-day moving average price of $82.07 and a 200-day moving average price of $79.06.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, equities research analysts anticipate that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

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.