Verus Financial Partners Inc. Reduces Stake in CarMax, Inc. (NYSE:KMX)

Verus Financial Partners Inc. lessened its holdings in CarMax, Inc. (NYSE:KMX) by 55.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,733 shares of the company’s stock after selling 8,483 shares during the period. Verus Financial Partners Inc.’s holdings in CarMax were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 400 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of CarMax during the fourth quarter worth $37,000. MCF Advisors LLC acquired a new stake in CarMax in the 4th quarter valued at about $46,000. Finally, Lindbrook Capital LLC lifted its position in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after buying an additional 155 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMX. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Bank of America upped their price target on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Tuesday, April 9th. Evercore ISI lowered their target price on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a research note on Friday, April 12th. Finally, Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average target price of $77.42.

Insider Buying and Selling at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by insiders.

CarMax Stock Up 0.9 %

Shares of CarMax stock traded up $0.62 on Thursday, reaching $70.96. 484,931 shares of the company were exchanged, compared to its average volume of 2,005,450. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The stock’s 50 day moving average price is $77.26 and its 200-day moving average price is $72.23. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The company has a market cap of $11.17 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.64.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm posted $0.44 earnings per share. CarMax’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that CarMax, Inc. will post 3.27 EPS for the current year.

CarMax Company Profile

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.