Nisa Investment Advisors LLC Sells 679 Shares of CarMax, Inc. (NYSE:KMX)

Nisa Investment Advisors LLC lessened its position in shares of CarMax, Inc. (NYSE:KMX) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,648 shares of the company’s stock after selling 679 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of CarMax worth $6,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Community Trust NA acquired a new stake in CarMax during the 2nd quarter worth approximately $29,000. Blue Trust Inc. increased its position in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the period. MCF Advisors LLC acquired a new stake in shares of CarMax during the fourth quarter worth $46,000. Lindbrook Capital LLC boosted its position in shares of CarMax by 32.8% in 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 period. Finally, Headlands Technologies LLC acquired a new position in shares of CarMax in the first quarter valued at about $55,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMX. Argus raised shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Royal Bank of Canada increased their price target on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Truist Financial lifted their price objective on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Mizuho reduced their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Finally, StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.25.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Nash sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The disclosure for this sale can be found here. Insiders sold a total of 185,243 shares of company stock valued at $14,893,042 in the last quarter. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of KMX stock opened at $80.31 on Tuesday. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The business has a fifty day simple moving average of $76.35 and a 200 day simple moving average of $75.39. The company has a market cap of $12.53 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.66 and a beta of 1.69.

CarMax (NYSE:KMX) last posted its earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. On average, sell-side analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal 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.