CarMax, Inc. (NYSE:KMX) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,622 shares of the company’s stock after selling 412 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in CarMax were worth $868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMX. First Hawaiian Bank acquired a new stake in shares of CarMax during the fourth quarter valued at about $273,000. World Investment Advisors LLC purchased a new position in shares of CarMax during the 3rd quarter worth approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter. HF Advisory Group LLC raised its position in CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares during the period. Finally, Merit Financial Group LLC acquired a new position in CarMax during the fourth quarter worth $600,000.

CarMax Stock Up 0.3 %

CarMax stock opened at $82.82 on Tuesday. The stock has a market cap of $12.74 billion, a PE ratio of 28.07, a P/E/G ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock’s fifty day moving average is $83.33 and its two-hundred day moving average is $80.20. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s 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 earnings per share. On average, sell-side analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMX shares. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.50.

Insider Activity

In related news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was 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 directly owns 9,448 shares of the company’s stock, valued at $765,288. This represents a 57.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

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.