Heartland Advisors Inc. Boosts Holdings in CarMax, Inc. (NYSE:KMX)

Heartland Advisors Inc. boosted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,227 shares of the company's stock after buying an additional 35,014 shares during the period. Heartland Advisors Inc. owned approximately 0.14% of CarMax worth $16,517,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP raised its stake in CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company's stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in CarMax by 1,081.1% in 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 last quarter. Mendota Financial Group LLC acquired a new position in CarMax in the 4th quarter valued at about $37,000. MCF Advisors LLC acquired a new position in CarMax in the 4th quarter valued at about $46,000. Finally, Lindbrook Capital LLC raised its stake in CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock valued at $48,000 after purchasing an additional 155 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMX. Truist Financial dropped their price objective on shares of CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a research note on Friday, April 12th. Robert W. Baird dropped their price objective on shares of CarMax from $88.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, April 12th. Needham & Company LLC dropped their price objective 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. Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of CarMax in a report on Tuesday, April 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $77.42.

CarMax Stock Performance

Shares of KMX stock traded up $0.86 during trading hours on Tuesday, reaching $75.76. The stock had a trading volume of 2,178,313 shares, compared to its average volume of 2,029,450. The firm has a market capitalization of $11.92 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. The firm has a 50-day simple moving average of $76.77 and a 200-day simple moving average of $72.66. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67.

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

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of the business's stock in a transaction that occurred 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 directly owns 6,977 shares in the company, valued at $485,110.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company's stock.

About CarMax

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.

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