Blair William & Co. IL Reduces Position in CarMax, Inc. (NYSE:KMX)

Blair William & Co. IL cut its position in shares of CarMax, Inc. (NYSE:KMX) by 21.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 618,937 shares of the company’s stock after selling 168,091 shares during the period. Blair William & Co. IL owned approximately 0.40% of CarMax worth $45,393,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. First Community Trust NA purchased a new stake in shares of CarMax in the second quarter valued at approximately $29,000. Blue Trust Inc. boosted its holdings in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the period. Studio Investment Management LLC boosted its holdings in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the period. Headlands Technologies LLC purchased a new stake in shares of CarMax in the first quarter valued at approximately $55,000. Finally, First Financial Corp IN boosted its holdings in shares of CarMax by 127.2% in the first quarter. First Financial Corp IN now owns 1,045 shares of the company’s stock valued at $91,000 after purchasing an additional 585 shares during the period.

CarMax Price Performance

NYSE KMX opened at $77.21 on Thursday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. The stock’s fifty day moving average price is $80.40 and its 200 day moving average price is $76.53. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.53 and a beta of 1.69.

CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the firm earned $1.16 EPS. The firm’s revenue was down 7.5% on a year-over-year basis. As a group, equities research analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

Insider Activity at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,690,899.60. The disclosure for this sale can be found here. Insiders have sold a total of 185,243 shares of company stock valued at $14,893,042 in the last ninety days. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMX. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Mizuho lowered their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Evercore ISI boosted their price target on CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a report on Tuesday, July 16th. Royal Bank of Canada upped their target price on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 24th. Finally, Truist Financial upped their target price on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $76.25.

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.