CarMax, Inc. (NYSE:KMX) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its position in CarMax, Inc. (NYSE:KMX - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,641 shares of the company's stock after selling 7,259 shares during the period. Atria Investments Inc's holdings in CarMax were worth $3,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KMX. FMR LLC raised its holdings in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company's stock worth $137,180,000 after buying an additional 1,713,379 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of CarMax by 740.2% in the third quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock worth $73,274,000 after buying an additional 834,232 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock worth $114,471,000 after buying an additional 436,342 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after buying an additional 282,519 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of CarMax by 10,821.6% in the fourth quarter. Assetmark Inc. now owns 152,902 shares of the company's stock worth $12,501,000 after buying an additional 151,502 shares during the last quarter.

Remove Ads

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of research analyst reports. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a report on Friday, December 20th. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Evercore ISI raised shares of CarMax from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $90.91.

Insider Activity

In other news, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

KMX traded down $0.73 on Friday, reaching $76.75. The stock had a trading volume of 2,401,236 shares, compared to its average volume of 1,867,928. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The business's 50-day moving average price is $82.74 and its two-hundred day moving average price is $80.36. The company has a market cap of $11.80 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.05 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current 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.