Eubel Brady & Suttman Asset Management Inc. Sells 13,133 Shares of CarMax, Inc. (NYSE:KMX)

Eubel Brady & Suttman Asset Management Inc. decreased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 313,180 shares of the company's stock after selling 13,133 shares during the quarter. CarMax accounts for about 3.3% of Eubel Brady & Suttman Asset Management Inc.'s investment portfolio, making the stock its 10th largest position. Eubel Brady & Suttman Asset Management Inc. owned approximately 0.20% of CarMax worth $22,969,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its stake in CarMax by 5.7% in the 4th quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company's stock worth $615,000 after purchasing an additional 431 shares during the period. Victory Capital Management Inc. boosted its stake in shares of CarMax by 64.4% during the 4th quarter. Victory Capital Management Inc. now owns 52,901 shares of the company's stock valued at $4,060,000 after buying an additional 20,718 shares during the period. Spire Wealth Management boosted its stake in shares of CarMax by 8.3% during the 4th quarter. Spire Wealth Management now owns 1,908 shares of the company's stock valued at $146,000 after buying an additional 147 shares during the period. Private Advisor Group LLC boosted its stake in shares of CarMax by 27.8% during the 4th quarter. Private Advisor Group LLC now owns 11,483 shares of the company's stock valued at $881,000 after buying an additional 2,497 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of CarMax by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company's stock valued at $76,058,000 after buying an additional 30,107 shares during the period.

CarMax Stock Performance

Shares of NYSE:KMX traded down $2.91 on Tuesday, hitting $77.72. 2,987,633 shares of the company were exchanged, compared to its average volume of 1,902,208. The company's 50 day moving average price is $79.88 and its two-hundred day moving average price is $76.51. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. 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 firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.62 and a beta of 1.69.

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

Insider Transactions at CarMax

In other news, SVP Jon G. Daniels sold 1,231 shares of the business's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares in the company, valued at $1,249,032.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,243 shares of company stock worth $14,893,042. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Argus raised shares of CarMax to a "hold" rating in a research note on Tuesday, June 25th. Mizuho cut their price target on shares of CarMax from $75.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, June 18th. Truist Financial raised their price target on shares of CarMax from $66.00 to $70.00 and gave the company a "hold" rating in a report on Monday, June 24th. Evercore ISI raised their price target 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, Oppenheimer restated an "outperform" rating and set a $105.00 price target on shares of CarMax in a report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has an average rating of "Hold" and a consensus price target of $76.25.

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.