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

Proficio Capital Partners LLC acquired a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in CarMax during the third quarter worth about $32,000. True Wealth Design LLC boosted its position in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after acquiring an additional 436 shares during the last quarter. Cromwell Holdings LLC boosted its position in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP boosted its position in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after acquiring an additional 249 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock worth $57,000 after acquiring an additional 353 shares during the last quarter.

CarMax Trading Down 0.9 %

Shares of CarMax stock traded down $0.73 on Friday, reaching $76.75. The company had a trading volume of 2,401,236 shares, compared to its average volume of 1,867,928. The firm's 50 day moving average price is $82.74 and its two-hundred day moving average price is $80.36. The firm has a market cap of $11.80 billion, a PE ratio of 26.02, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

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

Insider Buying and Selling

In related news, CEO William D. Nash sold 120,513 shares of the company's 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 of the company's stock, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last ninety days. Company insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their target price 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. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, Stephens began coverage on shares of CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price on the stock. Two 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 data from MarketBeat.com, CarMax currently has an average rating of "Hold" and a consensus price target of $90.91.

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.