Compass Ion Advisors LLC Sells 701 Shares of CarMax, Inc. (NYSE:KMX)

Compass Ion Advisors LLC decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 15.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,904 shares of the company’s stock after selling 701 shares during the period. Compass Ion Advisors LLC’s holdings in CarMax were worth $302,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new stake in CarMax in the 2nd quarter valued at $29,000. Quarry LP boosted its stake in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the last quarter. Studio Investment Management LLC increased its position in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in CarMax during the 1st quarter valued at about $55,000.

Insider Transactions at CarMax

In related news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Argus raised shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Truist Financial increased their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.73.

CarMax Price Performance

Shares of KMX stock opened at $74.70 on Monday. The firm’s 50 day moving average price is $78.02 and its two-hundred day moving average price is $75.19. The stock has a market cap of $11.66 billion, a PE ratio of 29.18, a PEG ratio of 1.46 and a beta of 1.68. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, analysts forecast that CarMax, Inc. will post 2.97 EPS for the current year.

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.