CarMax, Inc. (NYSE:KMX) Shares Acquired by ProVise Management Group LLC

ProVise Management Group LLC lifted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,155 shares of the company's stock after buying an additional 6,032 shares during the period. ProVise Management Group LLC owned approximately 0.05% of CarMax worth $6,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMX. FMR LLC boosted its stake in CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company's stock worth $137,180,000 after purchasing an additional 1,713,379 shares in the last quarter. Holocene Advisors LP boosted its stake in CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock worth $73,274,000 after purchasing an additional 834,232 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock worth $114,471,000 after purchasing an additional 436,342 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CarMax in the 4th quarter worth approximately $31,061,000. Finally, Principal Financial Group Inc. boosted its stake in CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares in the last quarter.

Insider Transactions at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares of the company's stock, valued at $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated 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 in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 over the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

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CarMax Price Performance

NYSE KMX traded down $0.40 on Friday, hitting $71.29. The company had a trading volume of 2,971,038 shares, compared to its average volume of 1,904,206. The company has a market capitalization of $10.96 billion, a PE ratio of 24.17, a PEG ratio of 1.67 and a beta of 1.76. The company's fifty day moving average price is $80.87 and its 200-day moving average price is $79.47. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

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

Analyst Ratings Changes

KMX has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Mizuho lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, Evercore ISI decreased their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, CarMax has an average 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.