Atria Wealth Solutions Inc. Takes Position in CarMax, Inc. (NYSE:KMX)

Atria Wealth Solutions Inc. bought a new position in CarMax, Inc. (NYSE:KMX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,966 shares of the company’s stock, valued at approximately $228,000.

Several other large investors have also recently bought and sold shares of KMX. American Century Companies Inc. increased its holdings in shares of CarMax by 674.3% in the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock worth $57,059,000 after purchasing an additional 702,526 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of CarMax by 2,311.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock valued at $42,697,000 after acquiring an additional 578,622 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of CarMax by 38.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company’s stock valued at $82,154,000 after acquiring an additional 323,652 shares during the last quarter. Barclays PLC grew its holdings in shares of CarMax by 95.7% during the third quarter. Barclays PLC now owns 589,759 shares of the company’s stock worth $41,713,000 after purchasing an additional 288,350 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of CarMax by 87.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 474,317 shares of the company’s stock worth $33,548,000 after purchasing an additional 221,588 shares in the last quarter.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Bank of America raised their price target on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Wedbush reiterated an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a report on Tuesday, April 16th. Finally, Evercore ISI decreased their price objective on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $77.42.

CarMax Price Performance

Shares of CarMax stock opened at $71.05 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The business’s 50 day simple moving average is $77.10 and its two-hundred day simple moving average is $72.23. The stock has a market capitalization of $11.18 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.64.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Analysts forecast that CarMax, Inc. will post 3.27 EPS for the current year.

CarMax Company Profile

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