Hills Bank & Trust Co Sells 588 Shares of CarMax, Inc. (NYSE:KMX)

Hills Bank & Trust Co decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,132 shares of the company’s stock after selling 588 shares during the period. Hills Bank & Trust Co’s holdings in CarMax were worth $471,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KMX. Allworth Financial LP increased 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 purchasing an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of 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 buying an additional 400 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in CarMax during the 4th quarter worth $37,000. MCF Advisors LLC bought a new position in CarMax during the fourth quarter worth about $46,000. Finally, Lindbrook Capital LLC grew its stake in CarMax by 32.8% in the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the period.

Insider Activity at CarMax

In related 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 transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Mizuho dropped 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. JPMorgan Chase & Co. reduced their price target on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a report on Tuesday, April 16th. Truist Financial reduced their target price 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. Finally, StockNews.com upgraded CarMax to a “sell” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $77.42.

CarMax Stock Up 1.0 %

KMX stock traded up $0.71 during mid-day trading on Thursday, reaching $71.05. The company had a trading volume of 1,741,462 shares, compared to its average volume of 2,019,788. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.15 and a beta of 1.64. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $77.26 and a two-hundred day simple moving average of $72.23.

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