CarMax, Inc. (NYSE:KMX) Shares Sold by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,954 shares of the company’s stock after selling 487 shares during the quarter. CarMax comprises about 3.3% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 7th biggest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in CarMax were worth $25,260,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in CarMax during the third quarter worth approximately $32,000. True Wealth Design LLC grew its stake in shares of CarMax by 4,844.4% during the 3rd 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. Cromwell Holdings LLC increased its holdings in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP raised its position in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares during the period.

CarMax Stock Performance

CarMax stock opened at $82.62 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm’s fifty day moving average price is $83.39 and its 200 day moving average price is $80.08. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.72. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. On average, research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on KMX. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Truist Financial boosted their target price on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada boosted 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $87.50.

Insider Buying and Selling at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of CarMax 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last three months. Corporate insiders own 1.66% of the company’s stock.

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.