1834 Investment Advisors Co. Lowers Stake in CarMax, Inc. (NYSE:KMX)

1834 Investment Advisors Co. lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,365 shares of the company’s stock after selling 819 shares during the quarter. 1834 Investment Advisors Co.’s holdings in CarMax were worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in CarMax by 2,883.1% during the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after purchasing an additional 1,713,379 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after buying an additional 834,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after buying an additional 436,342 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of CarMax by 212.8% during the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock worth $35,851,000 after acquiring an additional 332,574 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of CarMax during the 3rd quarter worth approximately $6,942,000.

Insider Activity

In other CarMax news, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s 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 in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,598 shares of company stock valued at $21,503,625 in the last quarter. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Up 0.9 %

KMX stock opened at $82.72 on Monday. The company has a market capitalization of $12.72 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.49 and a beta of 1.71. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm’s fifty day simple moving average is $82.35 and its 200-day simple moving average is $79.39. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last posted its earnings results 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. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, equities research analysts forecast that CarMax, Inc. will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on KMX shares. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Mizuho raised their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price objective 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, JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.17.

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.