Unique Wealth Strategies LLC Makes New Investment in CarMax, Inc. (NYSE:KMX)

Unique Wealth Strategies LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,956 shares of the company's stock, valued at approximately $1,378,000. CarMax makes up about 0.9% of Unique Wealth Strategies LLC's investment portfolio, making the stock its 27th largest position.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of CarMax by 674.3% in the 3rd quarter. American Century Companies Inc. now owns 806,716 shares of the company's stock valued at $57,059,000 after acquiring an additional 702,526 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of CarMax by 2,311.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company's stock valued at $42,697,000 after purchasing an additional 578,622 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of CarMax by 38.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company's stock valued at $82,154,000 after purchasing an additional 323,652 shares during the last quarter. Barclays PLC increased its position in shares of CarMax by 95.7% during the 3rd quarter. Barclays PLC now owns 589,759 shares of the company's stock valued at $41,713,000 after purchasing an additional 288,350 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of CarMax by 87.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 474,317 shares of the company's stock valued at $33,548,000 after purchasing an additional 221,588 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $83.00 price objective on shares of CarMax in a research report on Monday, April 8th. Oppenheimer reiterated an "outperform" rating and set a $105.00 price objective on shares of CarMax in a research report on Tuesday, April 9th. Needham & Company LLC reduced their price objective on CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research report on Friday, April 12th. Wedbush reiterated an "outperform" rating and set a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. Finally, Truist Financial reduced their price objective on CarMax from $75.00 to $72.00 and set a "hold" rating on the stock in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $77.42.

Insider Activity

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax 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 $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax 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 $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction 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 transaction, the executive vice president now owns 6,977 shares of the company's stock, valued at approximately $485,110.81. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by company insiders.

CarMax Trading Up 0.5 %

NYSE KMX traded up $0.37 on Friday, hitting $69.59. The company's stock had a trading volume of 2,625,796 shares, compared to its average volume of 2,927,940. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The company's 50-day simple moving average is $77.98 and its 200 day simple moving average is $72.12. The firm has a market cap of $10.95 billion, a P/E ratio of 22.97, a PEG ratio of 1.16 and a beta of 1.61.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.76 billion. During the same quarter last year, the business posted $0.44 EPS. The company's quarterly revenue was down 1.7% compared to the same quarter last year. Research analysts predict that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

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.