Harvey Investment Co. LLC Sells 1,485 Shares of CarMax, Inc. (NYSE:KMX)

Harvey Investment Co. LLC reduced its position in CarMax, Inc. (NYSE:KMX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,438 shares of the company’s stock after selling 1,485 shares during the quarter. Harvey Investment Co. LLC’s holdings in CarMax were worth $5,350,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KMX. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax in the third quarter worth approximately $32,000. True Wealth Design LLC grew 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 during the last quarter. Larson Financial Group LLC increased its stake in CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares during the period. ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the fourth quarter worth $58,000. Finally, Concord Wealth Partners boosted its stake in shares of CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after purchasing an additional 844 shares during the period.

CarMax Price Performance

KMX opened at $86.47 on Friday. The firm has a market capitalization of $13.30 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.66 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 business’s 50-day moving average is $83.09 and its two-hundred day moving average is $79.65. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 1.77% and a return on equity of 7.49%. 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 firm earned $0.52 EPS. Research analysts anticipate that CarMax, Inc. will post 3.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on KMX. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Mizuho boosted their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Truist Financial raised their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Needham & Company LLC increased their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.50.

Insider Buying and Selling at CarMax

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 shares were 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 approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at $84,873.50. The trade was a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by insiders.

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.