2,866 Shares in CarMax, Inc. (NYSE:KMX) Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, Holdings Channel reports. The fund bought 2,866 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Quarry LP grew its stake in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC increased its stake in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Larson Financial Group LLC lifted its stake in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in CarMax in the fourth quarter valued at approximately $58,000.

Insider Activity at CarMax

In other news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock valued at $21,503,625 over the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

KMX has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their target price on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Evercore ISI boosted their price target on CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Finally, Mizuho increased their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.17.

CarMax Stock Performance

Shares of KMX opened at $78.96 on Monday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a 50 day moving average price of $82.07 and a two-hundred day moving average price of $79.14. The firm has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Equities analysts forecast that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

CarMax Profile

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.