Client 1ST Advisory Group LLC Takes $234,000 Position in CarMax, Inc. (NYSE:KMX)

Client 1ST Advisory Group LLC purchased a new stake in CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,866 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in CarMax by 49.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock worth $681,000 after purchasing an additional 3,155 shares during the last quarter. Hsbc Holdings PLC grew its position in CarMax by 20.5% in the second quarter. Hsbc Holdings PLC now owns 210,889 shares of the company’s stock valued at $15,463,000 after purchasing an additional 35,923 shares in the last quarter. Intech Investment Management LLC grew its position in CarMax by 5.4% in the second quarter. Intech Investment Management LLC now owns 6,210 shares of the company’s stock valued at $455,000 after purchasing an additional 320 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in CarMax by 16.7% in the 2nd quarter. AE Wealth Management LLC now owns 5,273 shares of the company’s stock valued at $387,000 after buying an additional 756 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KMX shares. Stephens initiated coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. JPMorgan Chase & Co. raised their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Evercore ISI upped their price objective on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Finally, Truist Financial upped their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus target price of $85.17.

Insiders Place Their Bets

In other CarMax news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. This represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock worth $21,503,625 in the last 90 days. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX stock opened at $78.96 on Monday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. The company has a 50-day simple moving average of $82.07 and a 200 day simple moving average of $79.14. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, sell-side analysts predict that CarMax, Inc. will post 3.18 earnings per share for the current year.

CarMax 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.