Savant Capital LLC Lowers Stock Position in CarMax, Inc. (NYSE:KMX)

Savant Capital LLC reduced its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,244 shares of the company's stock after selling 6,959 shares during the period. Savant Capital LLC's holdings in CarMax were worth $2,718,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax in the third quarter valued at $32,000. True Wealth Design LLC raised its stake in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after buying an additional 436 shares in the last quarter. Larson Financial Group LLC raised its stake in CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after buying an additional 353 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in CarMax in the fourth quarter valued at $58,000. Finally, Concord Wealth Partners raised its stake in CarMax by 84,400.0% in the third quarter. Concord Wealth Partners now owns 845 shares of the company's stock valued at $65,000 after buying an additional 844 shares in the last quarter.

CarMax Stock Performance

KMX traded up $1.31 during trading on Friday, reaching $88.91. The company's stock had a trading volume of 1,671,132 shares, compared to its average volume of 1,478,010. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company's fifty day moving average price is $83.38 and its 200-day moving average price is $79.80. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. 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 (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating 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 company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMX. Royal Bank of Canada raised their price target on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Evercore ISI upgraded CarMax from an "in-line" rating to an "outperform" rating and raised their price target for the company from $90.00 to $110.00 in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $87.50.

Insider Activity

In other news, 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 completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company's stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 264,467 shares of company stock worth $21,915,445. Company insiders own 1.66% of the company's stock.

CarMax 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.