CarMax, Inc. (NYSE:KMX) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,763 shares of the company’s stock after selling 7,343 shares during the period. Janney Montgomery Scott LLC’s holdings in CarMax were worth $1,289,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Dakota Wealth Management raised its position in shares of CarMax by 1.5% during the fourth quarter. Dakota Wealth Management now owns 14,720 shares of the company’s stock worth $1,204,000 after purchasing an additional 215 shares during the period. Ballentine Partners LLC purchased a new stake in CarMax during the fourth quarter valued at about $217,000. Eldred Rock Partners LLC boosted its holdings in shares of CarMax by 0.4% in the fourth quarter. Eldred Rock Partners LLC now owns 140,652 shares of the company’s stock worth $11,517,000 after buying an additional 562 shares during the period. Gilman Hill Asset Management LLC raised its holdings in shares of CarMax by 2.6% during the fourth quarter. Gilman Hill Asset Management LLC now owns 32,362 shares of the company’s stock valued at $2,646,000 after acquiring an additional 815 shares during the period. Finally, Client 1ST Advisory Group LLC purchased a new stake in shares of CarMax in the 4th quarter valued at approximately $234,000.

CarMax Price Performance

Shares of NYSE:KMX opened at $84.29 on Wednesday. The stock has a market capitalization of $12.96 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.66 and a beta of 1.72. The business has a 50-day moving average of $83.06 and a two-hundred day moving average of $79.57. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities research analysts predict that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Insider Buying and Selling at CarMax

In other news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock worth $21,915,445 over the last ninety days. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

KMX has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Truist Financial raised their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Stephens started coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.42.

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.