D.A. Davidson & CO. Sells 3,250 Shares of CarMax, Inc. (NYSE:KMX)

D.A. Davidson & CO. lessened its stake in CarMax, Inc. (NYSE:KMX) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,878 shares of the company’s stock after selling 3,250 shares during the period. D.A. Davidson & CO.’s holdings in CarMax were worth $971,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC grew its holdings in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares during the period. Allworth Financial LP raised its position in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax in the 4th quarter worth $58,000.

CarMax Trading Down 3.5 %

Shares of NYSE:KMX opened at $82.62 on Monday. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.67 and a beta of 1.72. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company’s fifty day simple moving average is $83.39 and its 200 day simple moving average is $80.15. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. As a group, research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KMX shares. Truist Financial upped 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. Needham & Company LLC upped their price target on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Finally, Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $87.50.

Insider Activity at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. The trade was a 46.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by insiders.

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.