Blueshift Asset Management LLC Sells 60,269 Shares of CarMax, Inc. (NYSE:KMX)

Blueshift Asset Management LLC lowered its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 84.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,749 shares of the company's stock after selling 60,269 shares during the period. Blueshift Asset Management LLC's holdings in CarMax were worth $879,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KMX. First Hawaiian Bank acquired a new stake in shares of CarMax in the 4th quarter valued at $273,000. Sequoia Financial Advisors LLC increased its position in CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock worth $261,000 after purchasing an additional 307 shares during the period. Jones Financial Companies Lllp raised its holdings in CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock worth $426,000 after purchasing an additional 1,396 shares during the last quarter. World Investment Advisors LLC bought a new stake in CarMax during the 3rd quarter worth about $6,942,000. Finally, HF Advisory Group LLC boosted its stake in shares of CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock valued at $2,354,000 after purchasing an additional 3,222 shares during the last quarter.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,954 shares of company stock worth $11,046,243 over the last ninety days. Company insiders own 1.66% of the company's stock.

Remove Ads

CarMax Stock Up 3.1 %

Shares of NYSE:KMX traded up $2.19 during trading on Monday, hitting $73.51. 2,446,998 shares of the company's stock traded hands, compared to its average volume of 1,906,377. 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 company has a 50-day moving average price of $80.77 and a 200-day moving average price of $79.40. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. As a group, research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.45.

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.