CarMax, Inc. (NYSE:KMX) Stake Lowered by Carson Advisory Inc.

Carson Advisory Inc. decreased its stake in CarMax, Inc. (NYSE:KMX) by 55.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,995 shares of the company’s stock after selling 3,769 shares during the period. Carson Advisory Inc.’s holdings in CarMax were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Mendota Financial Group LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $37,000. MCF Advisors LLC acquired a new stake in CarMax in the fourth quarter worth about $46,000. Finally, Lindbrook Capital LLC increased its stake in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. Robert W. Baird dropped their price objective on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. StockNews.com upgraded CarMax to a “sell” rating in a report on Monday, April 22nd. Mizuho lowered their target price on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Evercore ISI reduced their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.42.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Up 1.2 %

Shares of CarMax stock traded up $0.83 on Thursday, hitting $68.04. 2,950,045 shares of the company traded hands, compared to its average volume of 2,037,388. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a 50-day moving average price of $77.81 and a 200 day moving average price of $72.11. The company has a market cap of $10.71 billion, a PE ratio of 21.84, a PEG ratio of 1.13 and a beta of 1.64.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts predict that CarMax, Inc. will post 3.27 earnings per share for the current year.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.