WoodTrust Financial Corp Increases Stock Holdings in CarMax, Inc. (NYSE:KMX)

WoodTrust Financial Corp increased its holdings in CarMax, Inc. (NYSE:KMX) by 9.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,000 shares of the company’s stock after purchasing an additional 994 shares during the period. WoodTrust Financial Corp’s holdings in CarMax were worth $958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of CarMax by 6.5% in the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock valued at $188,000 after purchasing an additional 131 shares during the period. Czech National Bank lifted its stake in shares of CarMax by 0.5% in the 4th quarter. Czech National Bank now owns 27,789 shares of the company’s stock valued at $2,133,000 after purchasing an additional 138 shares in the last quarter. Spire Wealth Management lifted its stake in shares of CarMax by 8.3% in the 4th quarter. Spire Wealth Management now owns 1,908 shares of the company’s stock valued at $146,000 after purchasing an additional 147 shares in the last quarter. Lindbrook Capital LLC increased its position in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 buying an additional 157 shares during the period.

CarMax Stock Performance

Shares of NYSE KMX traded up $0.01 during midday trading on Friday, hitting $73.34. The company’s stock had a trading volume of 2,223,377 shares, compared to its average volume of 2,216,369. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The firm’s fifty day moving average price is $70.66 and its 200-day moving average price is $73.99. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The firm has a market cap of $11.54 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.45 and a beta of 1.69.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS. On average, sell-side analysts forecast that CarMax, Inc. will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a research report on Friday, June 21st. Argus raised CarMax to a “hold” rating in a research report on Tuesday. Needham & Company LLC reduced their price objective on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Mizuho lowered their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, StockNews.com raised CarMax to a “sell” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.50.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the business’s 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 owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the business’s 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 owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. 1.66% of the stock is owned by company insiders.

CarMax Profile

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.