Proficio Capital Partners LLC Takes Position in CarMax, Inc. (NYSE:KMX)

Proficio Capital Partners LLC purchased a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 26,572 shares of the company's stock, valued at approximately $2,173,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after acquiring an additional 282,519 shares during the last quarter. State Street Corp lifted its holdings in CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after acquiring an additional 36,959 shares during the last quarter. Janus Henderson Group PLC raised its holdings in CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock worth $359,216,000 after buying an additional 28,466 shares during the period. Geode Capital Management LLC raised its holdings in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after buying an additional 14,903 shares during the period. Finally, FMR LLC raised its holdings in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company's stock worth $137,180,000 after buying an additional 1,713,379 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMX. Needham & Company LLC boosted their price objective on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Evercore ISI cut their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, Stephens initiated coverage on CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, CarMax presently has an average rating of "Hold" and an average price target of $90.45.

Remove Ads

CarMax Stock Down 0.6 %

NYSE:KMX traded down $0.40 during mid-day trading on Friday, reaching $71.29. The stock had a trading volume of 2,971,038 shares, compared to its average volume of 1,904,206. The business's 50 day moving average is $80.87 and its 200 day moving average is $79.47. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock has a market cap of $10.96 billion, a P/E ratio of 24.17, a PEG ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Insider Buying and Selling

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction 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 $765,288. This represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jon G. Daniels sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the sale, the senior vice president now directly owns 995 shares of the company's stock, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. Insiders own 1.66% of the company's stock.

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.