Stratos Wealth Advisors LLC Sells 718 Shares of CarMax, Inc. (NYSE:KMX)

Stratos Wealth Advisors LLC decreased its position in CarMax, Inc. (NYSE:KMX) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,934 shares of the company’s stock after selling 718 shares during the period. Stratos Wealth Advisors LLC’s holdings in CarMax were worth $649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lakewood Asset Management LLC lifted its stake in shares of CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after buying an additional 135 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after acquiring an additional 141 shares in the last quarter. Chemistry Wealth Management LLC boosted its holdings in shares of CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after acquiring an additional 164 shares during the period. Sompo Asset Management Co. Ltd. grew its position in shares of CarMax by 1.6% in the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after purchasing an additional 170 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of CarMax by 12.5% during the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after purchasing an additional 172 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on KMX. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC upped their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $87.50.

CarMax Stock Performance

Shares of NYSE KMX opened at $85.24 on Friday. The stock’s 50-day moving average is $83.11 and its 200 day moving average is $79.68. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.66 and a beta of 1.72. 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.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Mohammad Shamim sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the firm’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 transaction of $10,031,502.12. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 over the last three months. Company insiders own 1.66% of the company’s stock.

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.