Aviso Financial Inc. Acquires 618 Shares of CarMax, Inc. (NYSE:KMX)

Aviso Financial Inc. raised its holdings in CarMax, Inc. (NYSE:KMX) by 15.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,651 shares of the company’s stock after purchasing an additional 618 shares during the period. Aviso Financial Inc.’s holdings in CarMax were worth $380,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC boosted its position in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. True Wealth Design LLC lifted its stake in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Allworth Financial LP boosted its holdings in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the 4th quarter worth about $58,000. Finally, Larson Financial Group LLC increased its stake in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on KMX shares. Royal Bank of Canada lifted their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted 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. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Two 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. Based on data from MarketBeat.com, CarMax presently has an average rating of “Hold” and a consensus target price of $90.45.

CarMax Stock Up 0.9 %

NYSE:KMX opened at $69.89 on Friday. The company has a market cap of $10.75 billion, a PE ratio of 23.69, a PEG ratio of 1.67 and a beta of 1.76. The stock has a 50-day simple moving average of $81.77 and a 200 day simple moving average of $79.96. 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 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) 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 company 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 company earned $0.52 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock valued at $21,915,445 in the last three months. 1.66% of the stock is currently owned by corporate 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.