CarMax, Inc. (NYSE:KMX) Shares Sold by Salvus Wealth Management LLC

Salvus Wealth Management LLC lessened its holdings in CarMax, Inc. (NYSE:KMX) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,041 shares of the company’s stock after selling 2,364 shares during the period. Salvus Wealth Management LLC’s holdings in CarMax were worth $1,148,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KMX. FMR LLC raised its stake in shares of 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 during the period. Vulcan Value Partners LLC lifted its holdings in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after buying an additional 1,369,986 shares in the last quarter. Holocene Advisors LP lifted its holdings in CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after buying an additional 834,232 shares in the last quarter. Marshall Wace LLP boosted its position in CarMax by 87.6% in the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after buying an additional 541,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after acquiring an additional 436,342 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMX. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average price target of $85.17.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at approximately $84,873.50. The trade was a 90.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now owns 22,803 shares in the company, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,589 shares of company stock worth $20,042,746. 1.66% of the stock is currently owned by company insiders.

CarMax Trading Down 0.8 %

KMX stock opened at $79.64 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. The firm has a market cap of $12.25 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.50 and a beta of 1.71. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The business’s 50 day moving average is $81.94 and its 200-day moving average is $79.00.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping 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 company’s 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. Equities analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

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.