Unique Wealth Strategies LLC Makes New Investment in CarMax, Inc. (NYSE:KMX)

Unique Wealth Strategies LLC bought a new stake in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 17,956 shares of the company’s stock, valued at approximately $1,378,000. CarMax makes up approximately 0.9% of Unique Wealth Strategies LLC’s investment portfolio, making the stock its 27th largest position.

A number of other large investors also recently modified their holdings of KMX. AE Wealth Management LLC increased its holdings in CarMax by 58.5% in the 3rd quarter. AE Wealth Management LLC now owns 5,299 shares of the company’s stock valued at $375,000 after acquiring an additional 1,956 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of CarMax by 73.7% in the third quarter. SG Americas Securities LLC now owns 18,255 shares of the company’s stock worth $1,291,000 after purchasing an additional 7,743 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of CarMax in the third quarter worth about $106,000. Czech National Bank boosted its stake in CarMax by 47.6% during the third quarter. Czech National Bank now owns 27,651 shares of the company’s stock valued at $1,956,000 after buying an additional 8,923 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in CarMax by 8.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 32,996 shares of the company’s stock valued at $2,334,000 after buying an additional 2,645 shares in the last quarter.

CarMax Stock Up 0.5 %

CarMax stock traded up $0.37 during midday trading on Friday, hitting $69.59. 2,625,796 shares of the company’s stock were exchanged, compared to its average volume of 2,927,940. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company has a market cap of $10.95 billion, a PE ratio of 22.97, a P/E/G ratio of 1.16 and a beta of 1.61. The firm has a 50-day moving average of $77.98 and a two-hundred day moving average of $72.10.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. As a group, analysts expect that CarMax, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Jill A. Livesay sold 14,199 shares of the company’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 completion of the sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction on 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 transaction, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMX shares. Mizuho lowered their target price on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Truist Financial lowered their price objective on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Friday, April 12th. Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Tuesday, April 9th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.