CVA Family Office LLC Decreases Position in CarMax, Inc. (NYSE:KMX)

CVA Family Office LLC lessened its holdings in CarMax, Inc. (NYSE:KMXGet Rating) by 35.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 305 shares of the company’s stock after selling 165 shares during the period. CVA Family Office LLC’s holdings in CarMax were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WD Rutherford LLC purchased a new position in CarMax in the 1st quarter valued at approximately $26,000. Whittier Trust Co. boosted its position in CarMax by 480.0% in the 1st quarter. Whittier Trust Co. now owns 290 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in CarMax in the 4th quarter valued at approximately $38,000. Dixon Hughes Goodman Wealth Advisors LLC boosted its position in CarMax by 960.6% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 350 shares of the company’s stock valued at $34,000 after buying an additional 317 shares during the period. Finally, KRS Capital Management LLC purchased a new position in CarMax in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 96.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMX. JPMorgan Chase & Co. decreased their price target on shares of CarMax from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, September 9th. Morgan Stanley reduced their price objective on shares of CarMax from $140.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. Royal Bank of Canada raised their price objective on shares of CarMax from $104.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, June 27th. Bank of America lowered shares of CarMax from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $146.00 to $100.00 in a report on Friday, September 9th. Finally, Wedbush raised their price objective on shares of CarMax from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average price target of $118.56.

CarMax Price Performance

Shares of NYSE:KMX opened at $82.19 on Wednesday. The company’s fifty day moving average price is $93.36 and its 200 day moving average price is $94.66. CarMax, Inc. has a 12 month low of $80.50 and a 12 month high of $155.98. The company has a debt-to-equity ratio of 3.29, a current ratio of 2.72 and a quick ratio of 0.63. The firm has a market capitalization of $13.08 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.39 and a beta of 1.40.

CarMax (NYSE:KMXGet Rating) last announced its quarterly earnings results on Friday, June 24th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.51 by $0.05. CarMax had a net margin of 2.88% and a return on equity of 18.40%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.38 billion. During the same period last year, the business earned $2.63 EPS. As a group, sell-side analysts predict that CarMax, Inc. will post 5.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, EVP Mohammad Shamim sold 3,456 shares of the firm’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $93.91, for a total transaction of $324,552.96. Following the transaction, the executive vice president now directly owns 8,769 shares of the company’s stock, valued at approximately $823,496.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 18,092 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the transaction, the executive vice president now directly owns 4,988 shares of the company’s stock, valued at approximately $454,207.28. 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 3,456 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $93.91, for a total transaction of $324,552.96. Following the transaction, the executive vice president now directly owns 8,769 shares in the company, valued at $823,496.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,103 shares of company stock valued at $3,445,847. Insiders own 1.65% of the company’s stock.

CarMax Company Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It 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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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