Corient Private Wealth LLC Sells 20,337 Shares of CarMax, Inc. (NYSE:KMX)

Corient Private Wealth LLC reduced its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,211,309 shares of the company's stock after selling 20,337 shares during the period. Corient Private Wealth LLC owned approximately 0.79% of CarMax worth $99,037,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Truist Financial increased 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. Mizuho upped their price objective on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective on the stock. Finally, Evercore ISI reduced their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of "Hold" and a consensus price target of $90.45.

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CarMax Trading Up 1.2 %

Shares of KMX stock traded up $0.87 during trading hours on Thursday, reaching $71.70. The company had a trading volume of 2,437,137 shares, compared to its average volume of 1,900,912. The company has a 50 day moving average of $81.22 and a 200 day moving average of $79.64. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted 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. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, equities research analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling

In related news, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was 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 of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was 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. The trade was a 57.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by company insiders.

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.