Choreo LLC Takes $286,000 Position in CarMax, Inc. (NYSE:KMX)

Choreo LLC purchased a new position in CarMax, Inc. (NYSE:KMX) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,725 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Mendota Financial Group LLC bought a new position in CarMax in the 4th quarter worth about $37,000. MCF Advisors LLC acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $46,000. Finally, Lindbrook Capital LLC raised its holdings in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. Needham & Company LLC cut their price objective on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Mizuho reduced their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Robert W. Baird lowered their target price on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Finally, Evercore ISI reduced their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $77.42.

Insiders Place Their Bets

In related news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of NYSE:KMX opened at $68.71 on Friday. The company has a market capitalization of $10.81 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. 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 stock has a fifty day moving average of $77.72 and a 200-day moving average of $72.08. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The company 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 company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, equities analysts anticipate that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

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.