CarMax, Inc. (NYSE:KMX) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in shares of CarMax, Inc. (NYSE:KMXFree Report) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,450 shares of the company’s stock after acquiring an additional 430 shares during the quarter. D.A. Davidson & CO.’s holdings in CarMax were worth $810,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. VitalStone Financial LLC acquired a new stake in shares of CarMax during the 1st quarter worth $33,000. Park Place Capital Corp raised its stake in shares of CarMax by 125.8% in the 2nd quarter. Park Place Capital Corp now owns 298 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in shares of CarMax by 194.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 289 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of CarMax by 42.0% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 477 shares of the company’s stock valued at $40,000 after purchasing an additional 141 shares in the last quarter.

Insider Buying and Selling

In related news, CEO William D. Nash sold 102,775 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $75.09, for a total value of $7,717,374.75. Following the completion of the transaction, the chief executive officer now owns 177,180 shares of the company’s stock, valued at approximately $13,304,446.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CarMax news, CEO William D. Nash sold 102,775 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $75.09, for a total value of $7,717,374.75. Following the completion of the sale, the chief executive officer now owns 177,180 shares in the company, valued at approximately $13,304,446.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,704 shares of company stock worth $11,233,876. Corporate insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of NYSE:KMX opened at $76.95 on Tuesday. The firm’s 50 day moving average is $72.19 and its two-hundred day moving average is $72.84. CarMax, Inc. has a 52 week low of $55.76 and a 52 week high of $87.50. The firm has a market capitalization of $12.15 billion, a P/E ratio of 24.43, a PEG ratio of 1.66 and a beta of 1.60. The company has a current ratio of 2.45, a quick ratio of 0.71 and a debt-to-equity ratio of 3.01.

CarMax (NYSE:KMXGet Free Report) last posted its quarterly earnings data on Thursday, December 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.29 billion. CarMax had a net margin of 1.87% and a return on equity of 7.72%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Analysts anticipate that CarMax, Inc. will post 2.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMX. Royal Bank of Canada upped their target price on shares of CarMax from $80.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, December 22nd. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday, January 17th. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 29th. Finally, Truist Financial increased their price objective on shares of CarMax from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.40.

View Our Latest Analysis on KMX

CarMax Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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