WCM Investment Management LLC Decreases Holdings in CarMax, Inc. (NYSE:KMX)

WCM Investment Management LLC decreased its stake in CarMax, Inc. (NYSE:KMX) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,383 shares of the company’s stock after selling 1,852 shares during the quarter. WCM Investment Management LLC’s holdings in CarMax were worth $3,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in CarMax in the 3rd quarter worth about $32,000. True Wealth Design LLC boosted its stake in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of 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 acquiring an additional 353 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax during the fourth quarter worth approximately $58,000. Finally, Concord Wealth Partners raised its stake in CarMax by 84,400.0% in the 3rd 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 last quarter.

CarMax Stock Down 1.5 %

Shares of NYSE:KMX opened at $85.24 on Monday. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The business has a 50-day moving average price of $83.11 and a 200 day moving average price of $79.67. 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 announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that CarMax, Inc. will post 3.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. 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 upped their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $110.00 in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.50.

Insider Buying and Selling at CarMax

In other news, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction 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 directly owns 11,738 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 over the last quarter. 1.66% of the stock is owned by company insiders.

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.