Commonwealth Equity Services LLC Sells 1,113 Shares of CarMax, Inc. (NYSE:KMX)

Commonwealth Equity Services LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMXFree Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,350 shares of the company’s stock after selling 1,113 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CarMax were worth $1,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. Allworth Financial LP lifted its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 400 shares during the last quarter. Mendota Financial Group LLC bought a new stake in shares of CarMax during the fourth quarter worth $37,000. MCF Advisors LLC bought a new stake in shares of CarMax during the fourth quarter worth $46,000. Finally, Lindbrook Capital LLC lifted its position in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares during the last quarter.

CarMax Stock Down 1.8 %

Shares of KMX opened at $71.58 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.45 and a beta of 1.69. The stock has a 50 day moving average price of $70.96 and a 200 day moving average price of $73.98.

CarMax (NYSE:KMXGet Free Report) last issued its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. Equities research analysts forecast that CarMax, Inc. will post 3.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Evercore ISI decreased their price objective on CarMax from $73.00 to $68.00 and set an “in-line” rating for the company in a report on Thursday, June 20th. Truist Financial boosted their price target on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, June 24th. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of CarMax in a research note on Tuesday, June 18th. Royal Bank of Canada upped their target price on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. dropped their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $75.50.

Read Our Latest Analysis on KMX

Insider Buying and Selling at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other 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 completion of the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $72,097.70. The disclosure for this sale can be found here. 1.66% of the stock is owned by company insiders.

About CarMax

(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.

Read More

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.