Machina Capital S.A.S. Cuts Stake in CarMax, Inc. (NYSE:KMX)

Machina Capital S.A.S. lowered its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 47.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,387 shares of the company's stock after selling 5,761 shares during the quarter. Machina Capital S.A.S.'s holdings in CarMax were worth $522,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after acquiring an additional 436 shares during the last quarter. Cromwell Holdings LLC lifted its stake in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after buying an additional 249 shares during the period. Larson Financial Group LLC boosted its position in shares of CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock worth $57,000 after buying an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the fourth quarter valued at $58,000.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently issued reports on KMX shares. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Truist Financial increased 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. JPMorgan Chase & Co. upped their price objective on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Friday, December 20th. 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 research note on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $90.45.

CarMax Stock Down 0.3 %

KMX stock traded down $0.22 during trading on Wednesday, hitting $72.55. 2,211,363 shares of the company's stock were exchanged, compared to its average volume of 1,878,412. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 52-week low of $65.83 and a 52-week 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 has a 50-day moving average price of $82.40 and a two-hundred day moving average price of $80.20.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.81 EPS 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 the consensus estimate of $6.05 billion. During the same period last year, the firm posted $0.52 EPS. The company's revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

CarMax Company 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.