CarMax, Inc. (NYSE:KMX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 671,496 shares of the company’s stock after selling 36,368 shares during the quarter. Wells Fargo & Company MN’s holdings in CarMax were worth $51,531,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in CarMax by 1,081.1% during 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 in the last quarter. Mendota Financial Group LLC acquired a new stake in CarMax during the 4th quarter valued at approximately $37,000. MCF Advisors LLC acquired a new stake in CarMax during the 4th quarter valued at approximately $46,000. Finally, Lindbrook Capital LLC grew its position in shares of CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after acquiring an additional 155 shares in the last quarter.

CarMax Trading Up 1.4 %

Shares of KMX stock opened at $69.88 on Friday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The stock has a fifty day moving average of $75.21 and a two-hundred day moving average of $73.05. The firm has a market capitalization of $11.00 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.64.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts expect that CarMax, Inc. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the subject of several research reports. Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of CarMax in a research report on Thursday, May 16th. JPMorgan Chase & Co. decreased their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Monday, April 22nd. Finally, Evercore ISI decreased their target price on 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.42.

Insiders Place Their Bets

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

About CarMax

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.