Liberty Wealth Management LLC Takes $39,000 Position in CarMax, Inc (KMX)

Liberty Wealth Management LLC acquired a new position in CarMax, Inc (NYSE:KMX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 569 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Highland Capital Management LLC bought a new position in CarMax during the first quarter valued at approximately $1,174,000. IFM Investors Pty Ltd raised its position in CarMax by 14.5% in the first quarter. IFM Investors Pty Ltd now owns 12,226 shares of the company’s stock worth $853,000 after acquiring an additional 1,547 shares during the period. Wedbush Securities Inc. raised its position in CarMax by 15.0% in the first quarter. Wedbush Securities Inc. now owns 8,993 shares of the company’s stock worth $628,000 after acquiring an additional 1,170 shares during the period. Nisa Investment Advisors LLC raised its position in CarMax by 0.3% in the first quarter. Nisa Investment Advisors LLC now owns 103,518 shares of the company’s stock worth $7,226,000 after acquiring an additional 300 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new position in CarMax in the first quarter worth approximately $94,000.

Shares of NYSE:KMX traded up $0.54 on Friday, reaching $79.07. The company’s stock had a trading volume of 1,454,449 shares, compared to its average volume of 1,279,289. CarMax, Inc has a 52-week low of $55.24 and a 52-week high of $81.67. The stock has a market capitalization of $13.14 billion, a P/E ratio of 16.51, a PEG ratio of 1.26 and a beta of 1.31. The company has a quick ratio of 0.53, a current ratio of 2.45 and a debt-to-equity ratio of 4.11.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, March 29th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, analysts expect that CarMax, Inc will post 5.13 earnings per share for the current year.

Several research analysts have weighed in on KMX shares. Wedbush downgraded shares of CarMax from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $60.00 in a research report on Friday, January 18th. ValuEngine cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Zacks Investment Research cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $83.00 to $93.00 in a research note on Monday, April 1st. Finally, Buckingham Research increased their price objective on shares of CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and an average price target of $82.36.

In related news, SVP Diane L. Cafritz sold 3,484 shares of CarMax stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total transaction of $247,503.36. Following the completion of the sale, the senior vice president now owns 11,331 shares in the company, valued at approximately $804,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the sale, the executive vice president now owns 35,160 shares of the company’s stock, valued at approximately $2,733,338.40. The disclosure for this sale can be found here. Insiders sold a total of 383,655 shares of company stock valued at $27,437,638 in the last 90 days. Company insiders own 1.97% of the company’s stock.

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CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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