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

Aviso Financial Inc. grew its holdings in CarMax, Inc. (NYSE:KMX) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,651 shares of the company’s stock after acquiring an additional 618 shares during the quarter. Aviso Financial Inc.’s holdings in CarMax were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KMX. Assetmark Inc. boosted its holdings in CarMax by 9,900.0% in the 3rd quarter. Assetmark Inc. now owns 1,400 shares of the company’s stock valued at $108,000 after purchasing an additional 1,386 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of CarMax by 14.9% during the third quarter. Crossmark Global Holdings Inc. now owns 8,858 shares of the company’s stock valued at $685,000 after buying an additional 1,152 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of CarMax by 77.5% in the third quarter. Apollon Wealth Management LLC now owns 4,915 shares of the company’s stock valued at $380,000 after buying an additional 2,146 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in CarMax by 1.8% during the third quarter. Victory Capital Management Inc. now owns 52,929 shares of the company’s stock valued at $4,096,000 after acquiring an additional 923 shares during the period.

Analysts Set New Price Targets

KMX has been the subject of a number of research reports. Evercore ISI reduced their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday. Needham & Company LLC raised their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Stephens began coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Truist Financial increased their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $90.45.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by corporate insiders.

CarMax Price Performance

NYSE:KMX opened at $69.89 on Friday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market cap of $10.75 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company’s 50-day moving average price is $81.77 and its two-hundred day moving average price is $79.96.

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 analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, equities analysts anticipate that CarMax, Inc. will post 3.23 EPS 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.