CarMax, Inc. (NYSE:KMX) Holdings Trimmed by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in shares of CarMax, Inc. (NYSE:KMX) by 30.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,127 shares of the company’s stock after selling 3,908 shares during the quarter. Park Avenue Securities LLC’s holdings in CarMax were worth $746,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KMX. Vanguard Personalized Indexing Management LLC boosted its stake in CarMax by 49.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock valued at $681,000 after buying an additional 3,155 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of CarMax by 5.4% in the 2nd 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 during the period. AE Wealth Management LLC boosted its position in shares of 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 purchasing an additional 756 shares during the period. Sei Investments Co. boosted its position in shares of CarMax by 166.8% in the 2nd quarter. Sei Investments Co. now owns 119,278 shares of the company’s stock valued at $8,748,000 after purchasing an additional 74,568 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in shares of CarMax by 6.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 57,933 shares of the company’s stock valued at $4,249,000 after purchasing an additional 3,650 shares during the period.

Insider Buying and Selling

In other CarMax news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 259,598 shares of company stock worth $21,503,625. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Up 0.8 %

NYSE:KMX opened at $79.55 on Wednesday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.50 and a beta of 1.71. The stock has a 50-day moving average price of $82.17 and a two-hundred day moving average price of $79.24.

CarMax (NYSE:KMX) last issued 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 return on equity of 7.49% and a net margin of 1.77%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, equities analysts expect that CarMax, Inc. will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens assumed coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.17.

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.