CarMax, Inc. (NYSE:KMX) Stock Holdings Boosted by Maia Wealth LLC

Maia Wealth LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,942 shares of the company's stock after buying an additional 3,481 shares during the period. Maia Wealth LLC's holdings in CarMax were worth $2,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in CarMax by 36.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,613 shares of the company's stock worth $1,053,000 after purchasing an additional 3,620 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in CarMax by 5.8% in the third quarter. State of Alaska Department of Revenue now owns 18,132 shares of the company's stock valued at $1,403,000 after acquiring an additional 995 shares during the period. abrdn plc boosted its holdings in CarMax by 69.2% during the third quarter. abrdn plc now owns 59,920 shares of the company's stock worth $4,637,000 after buying an additional 24,498 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in CarMax by 32.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,118 shares of the company's stock valued at $396,000 after purchasing an additional 1,263 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of CarMax by 3.7% during the 3rd quarter. Principal Securities Inc. now owns 72,700 shares of the company's stock worth $5,625,000 after buying an additional 2,623 shares during the last quarter.

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CarMax Stock Down 2.6 %

Shares of KMX stock traded down $2.10 during mid-day trading on Wednesday, reaching $79.05. 3,063,030 shares of the company were exchanged, compared to its average volume of 1,859,877. The company has a market capitalization of $12.16 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.67 and a beta of 1.72. The business's 50 day simple moving average is $83.15 and its 200 day simple moving average is $80.41. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week 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 business had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. Research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMX shares. Truist Financial upped their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a report on Friday, December 20th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Stephens initiated coverage on CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price for the company. Finally, Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $90.91.

Insider Transactions at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction 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 completion of the transaction, the vice president now owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by corporate insiders.

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.