Paradigm Asset Management Co. LLC Sells 1,700 Shares of CarMax, Inc. (NYSE:KMX)

Paradigm Asset Management Co. LLC reduced its stake in CarMax, Inc. (NYSE:KMX) by 77.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495 shares of the company’s stock after selling 1,700 shares during the period. Paradigm Asset Management Co. LLC’s holdings in CarMax were worth $40,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the third quarter worth $32,000. Cromwell Holdings LLC raised its position in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares in the last quarter. True Wealth Design LLC raised its position 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 worth $34,000 after buying an additional 436 shares in the last quarter. Allworth Financial LP raised its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of CarMax in the fourth quarter worth $58,000.

Insiders Place Their Bets

In related news, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now owns 995 shares in the company, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 in the last three months. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the topic of a number of research reports. Royal Bank of Canada raised their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Needham & Company LLC raised their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Truist Financial raised their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.50.

CarMax Stock Down 3.5 %

Shares of KMX stock opened at $82.62 on Friday. The company’s fifty day simple moving average is $83.39 and its two-hundred day simple moving average is $80.11. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a market cap of $12.71 billion, a P/E ratio of 28.01, a PEG ratio of 1.67 and a beta of 1.72. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

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.