Salvus Wealth Management LLC Has $1.15 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Salvus Wealth Management LLC lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 14.4% during the fourth quarter, HoldingsChannel reports. The firm owned 14,041 shares of the company’s stock after selling 2,364 shares during the quarter. Salvus Wealth Management LLC’s holdings in CarMax were worth $1,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KMX. FMR LLC raised its stake in CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after buying an additional 1,713,379 shares during the period. Vulcan Value Partners LLC raised its position in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after purchasing an additional 1,369,986 shares during the period. Holocene Advisors LP boosted its holdings in shares of CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after buying an additional 834,232 shares during the period. Marshall Wace LLP boosted its holdings in shares of CarMax by 87.6% during the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after acquiring an additional 541,967 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after purchasing an additional 436,342 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of research reports. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Mizuho increased their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.17.

Insider Buying and Selling

In related news, CEO William D. Nash sold 120,513 shares of the company’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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company’s stock, valued at $1,855,024.05. This represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 241,589 shares of company stock valued at $20,042,746. 1.66% of the stock is owned by insiders.

CarMax Price Performance

Shares of NYSE KMX opened at $79.64 on Friday. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.50 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The firm’s 50-day simple moving average is $81.94 and its 200 day simple moving average is $79.00.

CarMax (NYSE:KMX) last announced its earnings results 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

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.