Geneos Wealth Management Inc. Purchases 1,120 Shares of CarMax, Inc. (NYSE:KMX)

Geneos Wealth Management Inc. raised its position in shares of CarMax, Inc. (NYSE:KMX) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,113 shares of the company’s stock after acquiring an additional 1,120 shares during the quarter. Geneos Wealth Management Inc.’s holdings in CarMax were worth $1,644,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of CarMax by 166.8% during the 2nd quarter. Sei Investments Co. now owns 119,278 shares of the company’s stock valued at $8,748,000 after purchasing an additional 74,568 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in CarMax by 65.7% in the second quarter. Public Sector Pension Investment Board now owns 5,953 shares of the company’s stock valued at $437,000 after buying an additional 2,360 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of CarMax by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,143 shares of the company’s stock worth $2,211,000 after buying an additional 11,328 shares in the last quarter. AQR Capital Management LLC grew its position in shares of CarMax by 212.8% during the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock worth $35,851,000 after buying an additional 332,574 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of CarMax by 217.7% in the 2nd quarter. APG Asset Management N.V. now owns 18,387 shares of the company’s stock valued at $1,258,000 after acquiring an additional 12,600 shares in the last quarter.

CarMax Price Performance

KMX opened at $82.72 on Monday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.49 and a beta of 1.71. The firm’s fifty day moving average price is $82.35 and its two-hundred day moving average price is $79.39.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The business 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 firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. As a group, analysts anticipate that CarMax, Inc. will post 3.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KMX has been the topic of several research analyst reports. Needham & Company LLC increased their target price on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Evercore ISI boosted their target price on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Finally, Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus target price of $85.17.

Insider Activity

In other CarMax news, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,598 shares of company stock valued at $21,503,625 over the last three months. Corporate insiders own 1.66% of the company’s stock.

About CarMax

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.