Premier Path Wealth Partners LLC Cuts Stake in CarMax, Inc. (NYSE:KMX)

Premier Path Wealth Partners LLC decreased its position in CarMax, Inc. (NYSE:KMX) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 16,178 shares of the company’s stock after selling 206 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in CarMax were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in CarMax in the 2nd quarter valued at approximately $127,000. Oppenheimer Asset Management Inc. boosted its stake in shares of CarMax by 8.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,938 shares of the company’s stock valued at $509,000 after buying an additional 547 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after buying an additional 51,397 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in CarMax by 49.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock worth $681,000 after acquiring an additional 3,155 shares during the period. Finally, Hsbc Holdings PLC raised its position in CarMax by 20.5% in the second quarter. Hsbc Holdings PLC now owns 210,889 shares of the company’s stock worth $15,463,000 after acquiring an additional 35,923 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMX. Truist Financial upped their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their target price 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. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax currently has an average rating of “Hold” and an average price target of $85.17.

CarMax Trading Down 0.9 %

CarMax stock opened at $78.96 on Friday. The stock has a 50-day moving average price of $82.07 and a 200 day moving average price of $79.06. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The stock has a market cap of $12.14 billion, a PE ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The business 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities research analysts predict that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Buying and Selling at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 259,598 shares of company stock worth $21,503,625. 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.