Avior Wealth Management LLC Increases Stock Holdings in CarMax, Inc. (NYSE:KMX)

Avior Wealth Management LLC lifted its position in CarMax, Inc. (NYSE:KMX) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,098 shares of the company’s stock after buying an additional 400 shares during the quarter. Avior Wealth Management LLC’s holdings in CarMax were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMX. Kinneret Advisory LLC grew its holdings in shares of CarMax by 2.3% in the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after purchasing an additional 116 shares during the last quarter. Czech National Bank grew its holdings in shares of CarMax by 0.5% in the fourth quarter. Czech National Bank now owns 27,789 shares of the company’s stock worth $2,133,000 after purchasing an additional 138 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of CarMax by 6.6% in the second quarter. Horizon Investments LLC now owns 2,516 shares of the company’s stock worth $211,000 after purchasing an additional 155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CarMax by 0.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company’s stock worth $1,782,000 after purchasing an additional 157 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of CarMax by 1.9% in the fourth quarter. Fifth Third Bancorp now owns 8,749 shares of the company’s stock worth $671,000 after purchasing an additional 164 shares during the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at $357,849.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

Shares of CarMax stock opened at $68.53 on Thursday. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $10.79 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.10 and a beta of 1.61. The business has a fifty day simple moving average of $78.66 and a two-hundred day simple moving average of $72.07. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. On average, equities analysts forecast that CarMax, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

KMX has been the topic of several recent analyst reports. Bank of America raised their target price on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Royal Bank of Canada restated an “outperform” rating and issued a $83.00 target price on shares of CarMax in a report on Monday, April 8th. JPMorgan Chase & Co. cut their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday. Truist Financial dropped their price target on CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, April 12th. Finally, Needham & Company LLC dropped their price target on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CarMax currently has a consensus rating of “Hold” and an average target price of $77.42.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.