Atria Wealth Solutions Inc. Acquires 405 Shares of CarMax, Inc. (NYSE:KMX)

Atria Wealth Solutions Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 3.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,027 shares of the company’s stock after buying an additional 405 shares during the period. Atria Wealth Solutions Inc.’s holdings in CarMax were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KMX. Accent Capital Management LLC bought a new stake in CarMax in the first quarter valued at $34,000. Ameriflex Group Inc. acquired a new position in shares of CarMax during the fourth quarter valued at about $53,000. Colonial Trust Co SC boosted its holdings in CarMax by 2,310.0% during the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock worth $59,000 after purchasing an additional 693 shares during the last quarter. Blue Trust Inc. boosted its holdings in CarMax by 49.2% during the first quarter. Blue Trust Inc. now owns 898 shares of the company’s stock worth $70,000 after purchasing an additional 296 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in CarMax by 38.4% during the first quarter. Parallel Advisors LLC now owns 937 shares of the company’s stock worth $73,000 after purchasing an additional 260 shares during the last quarter.

Analysts Set New Price Targets

KMX has been the topic of a number of research analyst reports. Benchmark began coverage on shares of CarMax in a research note on Thursday, July 17th. They issued a “buy” rating and a $75.00 target price on the stock. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Wednesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, June 18th. Truist Financial increased their price target on shares of CarMax from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, June 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price objective on shares of CarMax in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.08.

Insider Buying and Selling

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $70.64, for a total transaction of $108,785.60. Following the completion of the sale, the executive vice president directly owned 2,779 shares in the company, valued at $196,308.56. This represents a 35.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

CarMax Stock Up 1.8%

KMX opened at $55.93 on Tuesday. The business’s fifty day moving average is $63.89 and its two-hundred day moving average is $70.47. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.89 and a beta of 1.36. CarMax, Inc. has a one year low of $54.53 and a one year high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.20. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax Profile

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.