Check Capital Management Inc. CA Lowers Holdings in CarMax, Inc. (NYSE:KMX)

Check Capital Management Inc. CA trimmed its stake in CarMax, Inc. (NYSE:KMX) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 609,402 shares of the company’s stock after selling 4,657 shares during the quarter. CarMax accounts for about 1.7% of Check Capital Management Inc. CA’s holdings, making the stock its 9th largest position. Check Capital Management Inc. CA’s holdings in CarMax were worth $46,766,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ProVise Management Group LLC grew its position in CarMax by 31.5% in the third quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock valued at $4,152,000 after acquiring an additional 14,052 shares during the period. Montag A & Associates Inc. grew its position in CarMax by 61.6% in the third quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock valued at $3,535,000 after acquiring an additional 19,056 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of CarMax by 8.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 235,544 shares of the company’s stock worth $18,076,000 after purchasing an additional 18,914 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of CarMax by 6.9% during the third quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock worth $66,080,000 after purchasing an additional 60,604 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of CarMax by 3.1% during the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after purchasing an additional 88,488 shares during the last quarter.

CarMax Trading Up 0.6 %

NYSE:KMX traded up $0.43 during mid-day trading on Friday, hitting $68.34. The company had a trading volume of 1,824,389 shares, compared to its average volume of 2,012,193. The firm has a market cap of $10.76 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.09 and a beta of 1.61. 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 business’s fifty day moving average is $78.55 and its two-hundred day moving average is $72.04. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22.

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

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at $357,849.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total value of $192,574.20. Following the completion of the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $357,849.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMX. Robert W. Baird decreased their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and set a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Wedbush restated an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday. Finally, Needham & Company LLC decreased their price target on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $77.42.

About CarMax

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.