Wealthspire Advisors LLC Purchases Shares of 2,769 CarMax, Inc. (NYSE:KMX)

Wealthspire Advisors LLC purchased a new position in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,769 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors have also recently made changes to their positions in KMX. Principal Financial Group Inc. raised its stake in CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after acquiring an additional 282,519 shares during the period. State Street Corp increased its stake in CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after buying an additional 36,959 shares in the last quarter. Janus Henderson Group PLC raised its holdings in CarMax by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after acquiring an additional 28,466 shares during the period. Geode Capital Management LLC lifted its position in shares of CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after acquiring an additional 14,903 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after acquiring an additional 1,713,379 shares during the period.

CarMax Trading Down 0.7 %

Shares of NYSE:KMX opened at $81.92 on Friday. 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, 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 of $83.30 and a two-hundred day moving average of $80.28. The company has a market capitalization of $12.60 billion, a PE ratio of 27.77, a PEG ratio of 1.67 and a beta of 1.72.

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 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 firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the business earned $0.52 EPS. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other 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 completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $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 available at this link. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction on 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 transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

KMX has been the subject of several recent analyst reports. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Mizuho increased their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.50.

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.