CarMax, Inc. (NYSE:KMX) Shares Sold by Advisory Services Network LLC (2024)

Advisory Services Network LLC reduced its position in CarMax, Inc. (NYSE:KMX – Free Report) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,805 shares of the company’s stock after selling 3,050 shares during the period. Advisory Services Network LLC’s holdings in CarMax were worth $983,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KMX. Private Advisor Group LLC increased its position in CarMax by 7.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,986 shares of the company’s stock worth $636,000 after purchasing an additional 617 shares in the last quarter. Signaturefd LLC raised its position in shares of CarMax by 17.8% in the third quarter. Signaturefd LLC now owns 1,387 shares of the company’s stock valued at $98,000 after buying an additional 210 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of CarMax by 30.6% during the third quarter. Victory Capital Management Inc. now owns 32,183 shares of the company’s stock valued at $2,276,000 after buying an additional 7,532 shares during the period. Assenagon Asset Management S.A. boosted its position in CarMax by 306.5% during the third quarter. Assenagon Asset Management S.A. now owns 21,209 shares of the company’s stock worth $1,500,000 after acquiring an additional 15,991 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in CarMax by 5.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 146,566 shares of the company’s stock valued at $10,367,000 after acquiring an additional 6,938 shares during the last quarter.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the business’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 directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

CarMax stock opened at $69.66 on Friday. The firm’s 50 day simple moving average is $74.13 and its 200-day simple moving average is $73.14. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week 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. The company has a market cap of $10.96 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64.

CarMax (NYSE:KMX – Get Free Report) last released its earnings results 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 net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $0.44 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts predict that CarMax, Inc. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the subject of a number of recent analyst reports. Bank of America upped their target price on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Robert W. Baird dropped their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Evercore ISI decreased their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 target price on shares of CarMax in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. 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.com, the stock has an average rating of “Hold” and a consensus price target of $77.42.

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CarMax Profile

(Free Report)

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.

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