Unique Wealth Strategies LLC Acquires New Holdings in CarMax, Inc. (NYSE:KMX)

Unique Wealth Strategies LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,956 shares of the company’s stock, valued at approximately $1,378,000. CarMax comprises about 0.9% of Unique Wealth Strategies LLC’s holdings, making the stock its 27th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP grew its position in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 400 shares during the period. Mendota Financial Group LLC bought a new position in CarMax in the 4th quarter valued at approximately $37,000. MCF Advisors LLC acquired a new stake in CarMax during the 4th quarter worth approximately $46,000. Finally, Lindbrook Capital LLC grew its holdings 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 acquiring an additional 155 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KMX shares. Needham & Company LLC dropped their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Mizuho reduced their price target on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Robert W. Baird lowered their price objective on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. reduced their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Finally, Evercore ISI lowered their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.42.

CarMax Stock Performance

KMX stock traded up $0.37 during mid-day trading on Friday, hitting $69.59. The company had a trading volume of 2,625,796 shares, compared to its average volume of 2,927,940. 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 firm has a market cap of $10.95 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The stock’s fifty day moving average price is $77.98 and its two-hundred day moving average price is $72.10.

CarMax (NYSE:KMX) last posted 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). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts forecast that CarMax, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the 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 transaction, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated 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 transaction, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction dated 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 sale, 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. Corporate insiders own 1.66% of the company’s stock.

CarMax Company 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.