Savant Capital LLC Sells 6,959 Shares of CarMax, Inc. (NYSE:KMX)

Savant Capital LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 17.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,244 shares of the company’s stock after selling 6,959 shares during the quarter. Savant Capital LLC’s holdings in CarMax were worth $2,718,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the third quarter valued at approximately $32,000. True Wealth Design LLC raised its position in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in CarMax during the 4th quarter valued at $58,000. Larson Financial Group LLC boosted its holdings in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares during the last quarter. Finally, Concord Wealth Partners grew its stake in shares of CarMax by 84,400.0% in the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after acquiring an additional 844 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on KMX shares. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Stephens initiated coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and an average target price of $87.50.

Insider Activity

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by insiders.

CarMax Stock Down 0.3 %

KMX stock opened at $86.44 on Thursday. The stock has a 50-day simple moving average of $83.26 and a two-hundred day simple moving average of $79.77. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The firm has a market capitalization of $13.29 billion, a PE ratio of 29.30, a PEG ratio of 1.70 and a beta of 1.72. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

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.