Lakewood Asset Management LLC Has $1.78 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Lakewood Asset Management LLC boosted its stake in CarMax, Inc. (NYSE:KMX) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,742 shares of the company’s stock after buying an additional 135 shares during the period. CarMax makes up 1.2% of Lakewood Asset Management LLC’s portfolio, making the stock its 21st largest holding. Lakewood Asset Management LLC’s holdings in CarMax were worth $1,778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arete Wealth Advisors LLC lifted its holdings in shares of CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after acquiring an additional 141 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after purchasing an additional 142 shares during the last quarter. Sompo Asset Management Co. Ltd. lifted its stake in CarMax by 1.6% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after purchasing an additional 170 shares during the last quarter. Signaturefd LLC lifted its stake in CarMax by 12.5% in the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after purchasing an additional 172 shares during the last quarter. Finally, Quarry LP lifted its stake in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada increased their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus target price of $85.17.

CarMax Stock Up 0.9 %

Shares of NYSE:KMX opened at $80.29 on Thursday. The firm has a fifty day moving average price of $81.94 and a two-hundred day moving average price of $79.00. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.50 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Analysts anticipate that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $84,873.50. The trade was a 90.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. The trade was a 71.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,589 shares of company stock worth $20,042,746 in the last 90 days. 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.