CarMax, Inc. (NYSE:KMX) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its holdings in CarMax, Inc. (NYSE:KMX) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,650 shares of the company’s stock after selling 201 shares during the quarter. Arkadios Wealth Advisors’ holdings in CarMax were worth $217,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMX. Lakewood Asset Management LLC raised its stake in shares of CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after purchasing an additional 135 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after buying an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after buying an additional 142 shares in the last quarter. Chemistry Wealth Management LLC lifted its holdings in CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after buying an additional 164 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. grew its position in shares of CarMax by 1.6% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after acquiring an additional 170 shares in the last quarter.

Insider Buying and Selling

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,598 shares of company stock valued at $21,503,625 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

KMX opened at $81.90 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The business’s 50 day moving average is $82.26 and its 200-day moving average is $79.25. The stock has a market cap of $12.60 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.51 and a beta of 1.71. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 3.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BNP Paribas raised CarMax to a “strong sell” rating in a research report on Friday, September 27th. Stephens assumed coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Evercore ISI lifted their price target on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Truist Financial increased their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.17.

CarMax Company Profile

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.