Avior Wealth Management LLC Sells 498 Shares of CarMax, Inc. (NYSE:KMX)

Avior Wealth Management LLC reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,344 shares of the company’s stock after selling 498 shares during the quarter. Avior Wealth Management LLC’s holdings in CarMax were worth $764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KMX. Intech Investment Management LLC lifted its holdings in shares of CarMax by 5.4% during the 2nd quarter. Intech Investment Management LLC now owns 6,210 shares of the company’s stock worth $455,000 after acquiring an additional 320 shares during the last quarter. AE Wealth Management LLC lifted its stake in CarMax by 16.7% in the second quarter. AE Wealth Management LLC now owns 5,273 shares of the company’s stock worth $387,000 after purchasing an additional 756 shares during the last quarter. Sei Investments Co. lifted its stake in CarMax by 166.8% in the second quarter. Sei Investments Co. now owns 119,278 shares of the company’s stock worth $8,748,000 after purchasing an additional 74,568 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in CarMax by 6.7% in the second quarter. Ensign Peak Advisors Inc now owns 57,933 shares of the company’s stock worth $4,249,000 after purchasing an additional 3,650 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in CarMax by 7.2% in the second quarter. ProShare Advisors LLC now owns 21,499 shares of the company’s stock worth $1,577,000 after purchasing an additional 1,441 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KMX shares. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. 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 note on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Finally, Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.17.

Insiders Place Their Bets

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,598 shares of company stock worth $21,503,625. 1.66% of the stock is currently owned by company insiders.

CarMax Price Performance

Shares of NYSE KMX opened at $82.72 on Friday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company’s 50-day moving average is $82.35 and its 200 day moving average is $79.32. The stock has a market capitalization of $12.72 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.49 and a beta of 1.71.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that CarMax, Inc. will post 3.19 earnings per share for the current year.

CarMax Company 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.