CarMax, Inc. (NYSE:KMX) Shares Bought by Professional Financial Advisors LLC

Professional Financial Advisors LLC lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,161 shares of the company’s stock after acquiring an additional 683 shares during the period. Professional Financial Advisors LLC’s holdings in CarMax were worth $1,485,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC increased its stake in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Larson Financial Group LLC raised its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the 4th quarter worth approximately $58,000.

CarMax Trading Up 0.2 %

Shares of NYSE:KMX opened at $78.50 on Tuesday. 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 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company has a market cap of $12.07 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.74 and a beta of 1.71. The stock’s 50-day moving average is $81.76 and its 200-day moving average is $78.95.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Equities research analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

KMX has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Truist Financial boosted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Evercore ISI increased their target price on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Stephens started coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.17.

Insider Activity

In related news, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. Also, SVP Jon G. Daniels sold 30,245 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $84.34, for a total transaction of $2,550,863.30. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $83,918.30. The trade was a 96.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,589 shares of company stock worth $20,042,746. Corporate 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.