Orion Portfolio Solutions LLC lessened its stake in CarMax, Inc. (NYSE:KMX – Get Rating) by 14.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,855 shares of the company's stock after selling 1,118 shares during the quarter. Orion Portfolio Solutions LLC's holdings in CarMax were worth $620,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. WD Rutherford LLC acquired a new stake in shares of CarMax in the 1st quarter valued at approximately $26,000. Whittier Trust Co. lifted its holdings in CarMax by 480.0% during the 1st quarter. Whittier Trust Co. now owns 290 shares of the company's stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC lifted its holdings in CarMax by 960.6% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 350 shares of the company's stock valued at $34,000 after purchasing an additional 317 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in CarMax during the 4th quarter valued at $38,000. Finally, CVA Family Office LLC lifted its holdings in CarMax by 248.1% during the 1st quarter. CVA Family Office LLC now owns 470 shares of the company's stock valued at $45,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 96.11% of the company's stock.
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Insider Buying and Selling
In related news, EVP Diane L. Cafritz sold 18,092 shares of the firm's stock in a transaction on Friday, July 1st. The stock was sold at an average price of $91.06, for a total value of $1,647,457.52. Following the transaction, the executive vice president now owns 4,988 shares in the company, valued at $454,207.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 15,555 shares of CarMax stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $94.75, for a total value of $1,473,836.25. Following the transaction, the executive vice president now owns 4,988 shares in the company, valued at $472,613. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane L. Cafritz sold 18,092 shares of CarMax stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $91.06, for a total value of $1,647,457.52. Following the completion of the transaction, the executive vice president now owns 4,988 shares in the company, valued at approximately $454,207.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,103 shares of company stock worth $3,445,847. Company insiders own 1.65% of the company's stock.
CarMax Stock Down 0.4 %
KMX stock opened at $79.49 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 2.72 and a quick ratio of 0.63. CarMax, Inc. has a fifty-two week low of $76.00 and a fifty-two week high of $155.98. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.22 and a beta of 1.40. The business's fifty day moving average price is $92.74 and its two-hundred day moving average price is $94.23.
CarMax (NYSE:KMX – Get Rating) last issued its quarterly earnings results on Friday, June 24th. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.05. CarMax had a return on equity of 18.40% and a net margin of 2.88%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.38 billion. During the same quarter last year, the business earned $2.63 earnings per share. On average, equities analysts anticipate that CarMax, Inc. will post 5.71 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on KMX. Morgan Stanley cut their price target on CarMax from $140.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Wedbush raised their price target on CarMax from $90.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, June 27th. Bank of America downgraded CarMax from a "neutral" rating to an "underperform" rating and cut their price target for the company from $146.00 to $100.00 in a report on Friday, September 9th. Royal Bank of Canada raised their price target on CarMax from $104.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. cut their price target on CarMax from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given 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 $118.56.
About CarMax
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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.
Further Reading
- Get a free copy of the StockNews.com research report on CarMax (KMX)
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