CarMax, Inc. (NYSE:KMX) Shares Sold by Olympiad Research LP

Olympiad Research LP cut its position in CarMax, Inc. (NYSE:KMX) by 49.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,586 shares of the company’s stock after selling 3,535 shares during the period. Olympiad Research LP’s holdings in CarMax were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in KMX. FMR LLC boosted its stake in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after acquiring an additional 1,713,379 shares during the last quarter. Holocene Advisors LP boosted its stake in shares of CarMax by 740.2% in the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after acquiring an additional 436,342 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after acquiring an additional 282,519 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of CarMax by 603.2% in the fourth quarter. Ieq Capital LLC now owns 110,691 shares of the company’s stock worth $9,050,000 after acquiring an additional 94,950 shares during the last quarter.

CarMax Stock Performance

Shares of CarMax stock opened at $82.62 on Friday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The business’s fifty day simple moving average is $83.39 and its 200-day simple moving average is $80.11. The firm has a market cap of $12.71 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The firm 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. Equities analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current year.

Insider Activity at CarMax

In related news, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction 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 approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Mizuho boosted their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC boosted their price objective on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.50.

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.