Foundations Investment Advisors LLC Lowers Position in CarMax, Inc. (NYSE:KMX)

Foundations Investment Advisors LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,976 shares of the company’s stock after selling 446 shares during the quarter. Foundations Investment Advisors LLC’s holdings in CarMax were worth $979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in shares of CarMax by 94.6% in the fourth quarter. Pacer Advisors Inc. now owns 23,115 shares of the company’s stock worth $1,890,000 after purchasing an additional 11,237 shares during the last quarter. Blue Trust Inc. grew its stake in CarMax by 39.7% in the 4th quarter. Blue Trust Inc. now owns 1,457 shares of the company’s stock worth $113,000 after buying an additional 414 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of CarMax by 5.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 20,113 shares of the company’s stock worth $1,644,000 after buying an additional 1,120 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of CarMax by 13.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,187 shares of the company’s stock valued at $669,000 after buying an additional 975 shares in the last quarter. Finally, True North Advisors LLC lifted its holdings in shares of CarMax by 0.5% during the 4th quarter. True North Advisors LLC now owns 48,662 shares of the company’s stock worth $3,979,000 after acquiring an additional 225 shares during the last quarter.

CarMax Trading Up 0.6 %

Shares of NYSE KMX opened at $85.75 on Thursday. The company has a market cap of $13.19 billion, a PE ratio of 29.07, a P/E/G ratio of 1.49 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm’s 50 day moving average price is $82.88 and its 200-day moving average price is $79.50. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. On average, equities research analysts expect that CarMax, Inc. will post 3.19 EPS for the current fiscal year.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. This 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 this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of CarMax 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 completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $983,292.26. This represents a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock valued at $21,503,625 over the last ninety days. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMX. Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Needham & Company LLC boosted their price objective on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $85.17.

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.