CarMax, Inc. (NYSE:KMX) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its position in CarMax, Inc. (NYSE:KMXFree Report) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,444 shares of the company’s stock after selling 2,500 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in CarMax were worth $2,029,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Czech National Bank boosted its position in shares of CarMax by 0.5% in the 4th quarter. Czech National Bank now owns 27,789 shares of the company’s stock valued at $2,133,000 after purchasing an additional 138 shares during the period. Spire Wealth Management raised its stake in CarMax by 8.3% during the 4th quarter. Spire Wealth Management now owns 1,908 shares of the company’s stock valued at $146,000 after acquiring an additional 147 shares during the last quarter. Lindbrook Capital LLC raised its stake in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CarMax by 0.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company’s stock valued at $1,782,000 after acquiring an additional 157 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in CarMax by 1.9% during the 4th quarter. Fifth Third Bancorp now owns 8,749 shares of the company’s stock valued at $671,000 after acquiring an additional 164 shares during the last quarter.

Wall Street Analyst Weigh In

KMX has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. StockNews.com raised CarMax to a “sell” rating in a research note on Monday, April 22nd. Mizuho reduced their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Tuesday, April 9th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of CarMax in a research note on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $77.42.

View Our Latest Report on KMX

CarMax Stock Performance

KMX opened at $70.53 on Tuesday. The stock has a market cap of $11.10 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.34 and a beta of 1.69. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $73.52 and its 200 day simple moving average is $73.31. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22.

CarMax (NYSE:KMXGet Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, equities analysts anticipate that CarMax, Inc. will post 3.12 EPS for the current fiscal year.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction 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 sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.66% of the stock is owned by insiders.

CarMax Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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