Dakota Wealth Management Purchases 215 Shares of CarMax, Inc. (NYSE:KMX)

Dakota Wealth Management boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,720 shares of the company’s stock after acquiring an additional 215 shares during the quarter. Dakota Wealth Management’s holdings in CarMax were worth $1,204,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in CarMax during the 3rd quarter worth about $32,000. True Wealth Design LLC grew its holdings in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in CarMax during the 4th quarter worth about $58,000. Finally, Larson Financial Group LLC grew its holdings in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMX. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC raised their target price on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $85.17.

CarMax Price Performance

NYSE:KMX opened at $81.90 on Friday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a market cap of $12.60 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.51 and a beta of 1.71. The firm’s fifty day moving average price is $82.26 and its two-hundred day moving average price is $79.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the company posted $0.52 earnings per share. CarMax’s revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that CarMax, Inc. will post 3.19 earnings per share for the current year.

Insider Activity at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction 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 represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 259,598 shares of company stock worth $21,503,625. Corporate insiders own 1.66% of the company’s stock.

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.