Clearstead Trust LLC Has $301,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

Clearstead Trust LLC lessened its holdings in CarMax, Inc. (NYSE:KMX) by 40.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,925 shares of the company’s stock after selling 2,650 shares during the period. Clearstead Trust LLC’s holdings in CarMax were worth $301,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of CarMax by 1,081.1% in the 4th 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 last quarter. Mendota Financial Group LLC bought a new stake in CarMax during the fourth quarter valued at $37,000. MCF Advisors LLC bought a new stake in CarMax during the fourth quarter valued at $46,000. Finally, Lindbrook Capital LLC boosted its position in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KMX shares. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $83.00 price objective on shares of CarMax in a research report on Monday, April 8th. Robert W. Baird cut their price objective on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. Finally, Truist Financial cut their price objective on shares of CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.42.

CarMax Stock Up 1.0 %

NYSE:KMX traded up $0.67 on Friday, hitting $68.71. The stock had a trading volume of 1,860,154 shares, compared to its average volume of 3,032,100. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The stock has a market cap of $10.81 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.15 and a beta of 1.64. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The firm’s fifty day simple moving average is $77.62 and its two-hundred day simple moving average is $72.11.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) 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 company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts predict that CarMax, Inc. will post 3.27 earnings per share for the current year.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of the firm’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 transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

CarMax 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.