Janney Montgomery Scott LLC Has $1.29 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Janney Montgomery Scott LLC cut its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,763 shares of the company's stock after selling 7,343 shares during the period. Janney Montgomery Scott LLC's holdings in CarMax were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its stake in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after purchasing an additional 436 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in CarMax during the fourth quarter valued at approximately $58,000. Larson Financial Group LLC lifted its stake in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after purchasing an additional 353 shares during the last quarter. Finally, Concord Wealth Partners lifted its stake in CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company's stock valued at $65,000 after purchasing an additional 844 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Truist Financial upped their price target on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. Mizuho upped their price target 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. Finally, Evercore ISI upgraded shares of CarMax from an "in-line" rating to an "outperform" rating and upped their price target for the company from $90.00 to $110.00 in a research report on Thursday. Three 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $87.50.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax 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 sale, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. Insiders own 1.66% of the company's stock.

CarMax Stock Performance

Shares of NYSE:KMX traded down $1.30 during trading on Friday, reaching $85.24. The stock had a trading volume of 931,120 shares, compared to its average volume of 1,478,010. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.70 and a beta of 1.72. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a fifty day simple moving average of $83.11 and a two-hundred day simple moving average of $79.67.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. As a group, analysts anticipate that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

About CarMax

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.