Wealthspire Advisors LLC Invests $226,000 in CarMax, Inc. (NYSE:KMX)

Wealthspire Advisors LLC acquired a new stake in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,769 shares of the company’s stock, valued at approximately $226,000.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning raised its position in CarMax by 5.9% during the third quarter. Creative Planning now owns 13,833 shares of the company’s stock valued at $1,070,000 after purchasing an additional 766 shares in the last quarter. Blue Trust Inc. increased its position in shares of CarMax by 108.2% during the 3rd quarter. Blue Trust Inc. now owns 1,043 shares of the company’s stock valued at $76,000 after purchasing an additional 542 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of CarMax by 6.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,508 shares of the company’s stock valued at $2,361,000 after buying an additional 1,969 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in CarMax by 36.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,613 shares of the company’s stock worth $1,053,000 after buying an additional 3,620 shares during the last quarter. Finally, Forsta AP Fonden lifted its position in CarMax by 12.0% in the 3rd quarter. Forsta AP Fonden now owns 34,600 shares of the company’s stock worth $2,677,000 after buying an additional 3,700 shares during the last quarter.

CarMax Trading Down 0.7 %

NYSE:KMX opened at $81.92 on Friday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company’s 50-day simple moving average is $83.30 and its 200 day simple moving average is $80.28. The firm has a market capitalization of $12.60 billion, a P/E ratio of 27.77, a PEG ratio of 1.67 and a beta of 1.72. 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 quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share 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 return on equity of 7.49% and a net margin of 1.77%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insider Activity

In other news, CEO William D. Nash sold 120,513 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock worth $21,915,445 over the last three months. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.