Montag A & Associates Inc. Has $1.35 Million Position in CarMax, Inc. (NYSE:KMX)

Montag A & Associates Inc. lowered its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,467 shares of the company's stock after selling 15,532 shares during the quarter. Montag A & Associates Inc.'s holdings in CarMax were worth $1,346,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KMX. First Hawaiian Bank bought a new position in CarMax in the fourth quarter valued at approximately $273,000. World Investment Advisors LLC bought a new position in shares of CarMax in the 3rd quarter worth $6,942,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock worth $27,188,000 after purchasing an additional 10,898 shares during the last quarter. HF Advisory Group LLC grew its stake in shares of CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after purchasing an additional 3,222 shares during the period. Finally, Merit Financial Group LLC bought a new stake in CarMax in the fourth quarter valued at about $600,000.

CarMax Stock Down 2.0 %

Shares of KMX stock traded down $1.76 on Thursday, hitting $85.68. 1,576,752 shares of the stock were exchanged, compared to its average volume of 1,584,299. 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 firm has a market capitalization of $13.18 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 1.75 and a beta of 1.72. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The business has a 50-day moving average of $83.48 and a 200 day moving average of $79.98.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KMX. Truist Financial raised their target price on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Royal Bank of Canada upped their target price 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. Needham & Company LLC lifted their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Evercore ISI upgraded shares of CarMax from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $90.00 to $110.00 in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, CarMax has an average rating of "Hold" and a consensus price target of $87.50.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 9,448 shares of the company's stock, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the firm's 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 completion of the transaction, the senior vice president now directly owns 227 shares of the company's stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 in the last three months. Insiders own 1.66% of the company's stock.

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.