CarMax, Inc. (NYSE:KMX) is Check Capital Management Inc. CA’s 9th Largest Position

Check Capital Management Inc. CA trimmed its position in CarMax, Inc. (NYSE:KMX) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,402 shares of the company’s stock after selling 4,657 shares during the quarter. CarMax comprises approximately 1.7% of Check Capital Management Inc. CA’s holdings, making the stock its 9th biggest position. Check Capital Management Inc. CA owned about 0.39% of CarMax worth $46,766,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kinneret Advisory LLC lifted its position in CarMax by 2.3% in the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after buying an additional 116 shares during the last quarter. Czech National Bank increased its stake in shares of CarMax by 0.5% during the fourth quarter. Czech National Bank now owns 27,789 shares of the company’s stock valued at $2,133,000 after buying an additional 138 shares during the period. Horizon Investments LLC grew its stake in CarMax by 6.6% in the second quarter. Horizon Investments LLC now owns 2,516 shares of the company’s stock valued at $211,000 after purchasing an additional 155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CarMax by 0.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company’s stock valued at $1,782,000 after purchasing an additional 157 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in CarMax by 1.9% in the fourth quarter. Fifth Third Bancorp now owns 8,749 shares of the company’s stock worth $671,000 after acquiring an additional 164 shares in the last quarter.

CarMax Trading Up 0.6 %

NYSE KMX traded up $0.43 on Friday, reaching $68.34. 1,824,389 shares of the company were exchanged, compared to its average volume of 2,012,193. The business’s fifty day moving average price is $78.55 and its 200 day moving average price is $72.04. The stock has a market capitalization of $10.76 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. 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 fifty-two week low of $59.66 and a fifty-two week high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the company earned $0.44 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts forecast that CarMax, Inc. will post 3.43 earnings per share for the current year.

Insider Activity

In other news, EVP Diane L. Cafritz sold 2,730 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Diane L. Cafritz sold 2,730 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The disclosure for this sale can be found here. Insiders have sold a total of 38,929 shares of company stock valued at $2,740,901 in the last quarter. Insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Bank of America lifted their target price on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Needham & Company LLC decreased their target price on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 12th. Robert W. Baird decreased their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.42.

CarMax 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.