CarMax, Inc. (NYSE:KMX) Shares Sold by Ieq Capital LLC

Ieq Capital LLC cut its holdings in CarMax, Inc. (NYSE:KMXFree Report) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,860 shares of the company’s stock after selling 2,383 shares during the period. Ieq Capital LLC’s holdings in CarMax were worth $296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Forum Financial Management LP grew its holdings in shares of CarMax by 16.6% during the fourth quarter. Forum Financial Management LP now owns 3,360 shares of the company’s stock worth $258,000 after purchasing an additional 478 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of CarMax by 12.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,923 shares of the company’s stock worth $1,759,000 after buying an additional 2,488 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CarMax by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,930,606 shares of the company’s stock worth $148,168,000 after buying an additional 164,024 shares during the last quarter. Qsemble Capital Management LP grew its holdings in shares of CarMax by 26.5% during the fourth quarter. Qsemble Capital Management LP now owns 7,844 shares of the company’s stock worth $602,000 after buying an additional 1,644 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of CarMax by 2.0% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 22,738 shares of the company’s stock worth $1,745,000 after buying an additional 455 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on KMX. Truist Financial reduced their price objective on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Friday, April 12th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Evercore ISI reduced their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a research report on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and issued a $83.00 price objective on shares of CarMax in a research report on Monday, April 8th. Finally, Robert W. Baird reduced their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.42.

Get Our Latest Stock Report on KMX

CarMax Trading Down 0.2 %

Shares of CarMax stock opened at $72.82 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a market capitalization of $11.46 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.36 and a beta of 1.64. The business has a 50 day moving average price of $76.31 and a 200 day moving average price of $72.84.

CarMax (NYSE:KMXGet Free Report) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.66% of the company’s stock.

CarMax Company Profile

(Free Report)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company 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.

Featured Articles

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.