Avior Wealth Management LLC Sells 498 Shares of CarMax, Inc. (NYSE:KMX)

Avior Wealth Management LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,344 shares of the company’s stock after selling 498 shares during the quarter. Avior Wealth Management LLC’s holdings in CarMax were worth $764,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KMX. Quarry LP lifted its position in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after acquiring an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter valued at about $32,000. True Wealth Design LLC lifted 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 acquiring an additional 436 shares in the last quarter. Larson Financial Group LLC lifted its position in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax during the 4th quarter worth approximately $58,000.

Insider Activity

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,598 shares of company stock worth $21,503,625 in the last three months. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Up 0.9 %

CarMax stock opened at $82.72 on Friday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.49 and a beta of 1.71. 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 firm has a 50 day simple moving average of $82.35 and a 200 day simple moving average of $79.32.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the business earned $0.52 EPS. CarMax’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that CarMax, Inc. will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

KMX has been the topic of several recent analyst reports. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lifted their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.