Private Advisor Group LLC Lowers Stock Holdings in CarMax, Inc. (NYSE:KMX)

Private Advisor Group LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,288 shares of the company's stock after selling 3,466 shares during the period. Private Advisor Group LLC's holdings in CarMax were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in shares of CarMax during the fourth quarter valued at approximately $273,000. World Investment Advisors LLC purchased a new stake in CarMax during the third quarter worth $6,942,000. Sumitomo Mitsui Trust Group Inc. boosted its position in CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock valued at $27,188,000 after acquiring an additional 10,898 shares in the last quarter. HF Advisory Group LLC increased its holdings in shares of CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock valued at $2,354,000 after acquiring an additional 3,222 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of CarMax in the 4th quarter valued at $600,000.

CarMax Price Performance

Shares of NYSE:KMX traded down $1.52 during midday trading on Monday, reaching $81.45. 1,192,859 shares of the company's stock traded hands, compared to its average volume of 1,538,459. The company has a market cap of $12.53 billion, a P/E ratio of 27.61, a PEG ratio of 1.67 and a beta of 1.72. The company has a fifty day simple moving average of $83.27 and a two-hundred day simple moving average of $80.39. 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 1 year low of $65.83 and a 1 year high of $91.25.

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CarMax (NYSE:KMX - Get Free Report) last announced 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. The business had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Equities analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMX. Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Friday, December 20th. Truist Financial raised their target price 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. Finally, Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of "Hold" and a consensus target price of $90.91.

Insiders Place Their Bets

In other news, EVP Mohammad Shamim sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. This trade represents a 46.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 in the last three months. 1.66% of the stock is currently owned by insiders.

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.