CarMax, Inc. (NYSE:KMX) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 49.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,605 shares of the company’s stock after selling 4,583 shares during the quarter. Compass Ion Advisors LLC’s holdings in CarMax were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of CarMax by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after acquiring an additional 222,132 shares during the last quarter. Norges Bank acquired a new position in shares of CarMax during the 4th quarter valued at about $288,278,000. Morningstar Investment Services LLC increased its stake in shares of CarMax by 95.4% during the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after acquiring an additional 1,326,840 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of CarMax by 3.1% during the 4th quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock valued at $179,928,000 after acquiring an additional 69,409 shares during the last quarter. Finally, First Pacific Advisors LP increased its stake in shares of CarMax by 1.2% during the 4th quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock valued at $178,923,000 after acquiring an additional 28,095 shares during the last quarter.

Insider Activity

In other news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, 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 filing with the SEC, which is accessible through this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $72,097.70. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock.

CarMax Stock Down 2.9 %

NYSE KMX opened at $71.21 on Tuesday. The stock has a market cap of $11.11 billion, a PE ratio of 27.82, a P/E/G ratio of 1.45 and a beta of 1.69. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The business has a 50 day moving average price of $70.72 and a two-hundred day moving average price of $74.04. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95.

CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. As a group, sell-side analysts predict that CarMax, Inc. will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on KMX shares. Evercore ISI dropped their price objective on shares of CarMax from $73.00 to $68.00 and set an “in-line” rating for the company in a research note on Thursday, June 20th. Royal Bank of Canada increased their target price on shares of CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Needham & Company LLC dropped their target price on shares of CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Finally, Robert W. Baird dropped their target price on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus price target of $75.50.

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.