1834 Investment Advisors Co. Sells 819 Shares of CarMax, Inc. (NYSE:KMX)

1834 Investment Advisors Co. lessened its stake in CarMax, Inc. (NYSE:KMX) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,365 shares of the company’s stock after selling 819 shares during the period. 1834 Investment Advisors Co.’s holdings in CarMax were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KMX. Lakewood Asset Management LLC increased its stake in CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after acquiring an additional 135 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in shares of CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after acquiring an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CarMax by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after purchasing an additional 142 shares in the last quarter. Chemistry Wealth Management LLC increased its position in CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its stake in CarMax by 1.6% during the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after purchasing an additional 170 shares in the last quarter.

CarMax Stock Performance

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

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for 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 revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. Analysts predict that CarMax, Inc. will post 3.19 earnings per share for the current year.

Insider Transactions at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were 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. Over the last three months, insiders have sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented 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. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Needham & Company LLC upped their price objective on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Finally, Stephens began coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.17.

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.