Wealth Enhancement Advisory Services LLC Sells 46,778 Shares of CarMax, Inc. $KMX

Wealth Enhancement Advisory Services LLC lowered its holdings in CarMax, Inc. (NYSE:KMX) by 53.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,551 shares of the company’s stock after selling 46,778 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CarMax were worth $1,864,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KMX. CYBER HORNET ETFs LLC purchased a new stake in CarMax during the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new position in shares of CarMax during the 2nd quarter valued at approximately $30,000. ST Germain D J Co. Inc. increased its stake in shares of CarMax by 88.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock worth $60,000 after purchasing an additional 625 shares during the last quarter. Mather Group LLC. bought a new stake in shares of CarMax in the 3rd quarter worth approximately $61,000. Finally, Hollencrest Capital Management raised its holdings in shares of CarMax by 39.9% in the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock worth $71,000 after purchasing an additional 300 shares during the period.

Analysts Set New Price Targets

KMX has been the subject of a number of recent research reports. Evercore ISI reissued a “reduce” rating and issued a $36.00 target price on shares of CarMax in a research report on Friday, December 19th. Truist Financial lifted their price objective on CarMax from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Zacks Research raised shares of CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Mizuho reduced their target price on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of CarMax in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $39.64.

CarMax Price Performance

KMX stock opened at $44.51 on Friday. The firm has a 50 day moving average of $41.81 and a 200-day moving average of $47.92. The firm has a market capitalization of $6.31 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $89.47. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. CarMax’s revenue was down 6.9% on a year-over-year basis. As a group, sell-side analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.