Xponance Inc. Cuts Position in CarMax, Inc. (NYSE:KMX)

Xponance Inc. lessened its holdings in CarMax, Inc. (NYSE:KMX) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,082 shares of the company’s stock after selling 1,311 shares during the quarter. Xponance Inc.’s holdings in CarMax were worth $1,771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC lifted its stake in shares of CarMax by 58.5% in the third quarter. AE Wealth Management LLC now owns 5,299 shares of the company’s stock worth $375,000 after buying an additional 1,956 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares in the last quarter. DnB Asset Management AS lifted its stake in shares of CarMax by 6.4% in the third quarter. DnB Asset Management AS now owns 30,462 shares of the company’s stock worth $2,155,000 after buying an additional 1,830 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of CarMax by 73.7% in the third quarter. SG Americas Securities LLC now owns 18,255 shares of the company’s stock worth $1,291,000 after buying an additional 7,743 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of CarMax in the third quarter worth approximately $106,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and set a $83.00 price objective on shares of CarMax in a research report on Monday, April 8th. Mizuho lowered their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Truist Financial lowered 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. Finally, StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.42.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $355,515.84. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Up 2.7 %

KMX opened at $69.71 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a market capitalization of $10.97 billion, a PE ratio of 23.01, a PEG ratio of 1.12 and a beta of 1.61. The firm’s 50 day simple moving average is $78.18 and its two-hundred day simple moving average is $72.12.

CarMax (NYSE:KMX) last released its quarterly 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 business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that CarMax, Inc. will post 3.3 EPS 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.