CarMax, Inc. (NYSE:KMX) Stake Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 52.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,734 shares of the company's stock after buying an additional 3,695 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in CarMax were worth $787,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KMX. Baker Tilly Wealth Management LLC grew its holdings in shares of CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company's stock worth $217,000 after buying an additional 130 shares in the last quarter. GAMMA Investing LLC grew its stake in CarMax by 6.5% in the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company's stock worth $188,000 after acquiring an additional 131 shares during the period. Peoples Bank KS grew its stake in CarMax by 10.0% in the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company's stock worth $108,000 after acquiring an additional 135 shares during the period. Spire Wealth Management raised its holdings in CarMax by 8.3% in the 4th quarter. Spire Wealth Management now owns 1,908 shares of the company's stock valued at $146,000 after acquiring an additional 147 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of CarMax by 3.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company's stock worth $461,000 after purchasing an additional 174 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Mizuho dropped their target price on CarMax from $75.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, June 18th. Needham & Company LLC dropped their price objective on shares of CarMax from $91.00 to $87.00 and set a "buy" rating for the company in a research note on Monday, June 24th. Royal Bank of Canada raised their target price on shares of CarMax from $73.00 to $75.00 and gave the stock an "outperform" rating in a research report on Monday, June 24th. Evercore ISI boosted their target price on shares of CarMax from $68.00 to $72.00 and gave the company an "in-line" rating in a report on Tuesday, July 16th. Finally, Wedbush reaffirmed an "outperform" rating and set a $95.00 price target on shares of CarMax in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, CarMax currently has an average rating of "Hold" and a consensus price target of $76.25.

CarMax Stock Down 0.9 %

CarMax stock traded down $0.76 during trading on Monday, reaching $85.02. 1,523,876 shares of the company's stock were exchanged, compared to its average volume of 1,932,605. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.66 and a beta of 1.69. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The company's 50-day moving average is $77.63 and its two-hundred day moving average is $75.77.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the company posted $1.16 EPS. CarMax's revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.

Insider Transactions at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at approximately $1,690,899.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction on Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,690,899.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,243 shares of company stock valued at $14,893,042. Corporate 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.