Cetera Investment Advisers Has $10.36 Million Holdings in CarMax, Inc. (NYSE:KMX)

Cetera Investment Advisers lifted its position in CarMax, Inc. (NYSE:KMX) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,266 shares of the company’s stock after buying an additional 15,476 shares during the quarter. Cetera Investment Advisers owned about 0.09% of CarMax worth $10,360,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Community Trust NA bought a new position in shares of CarMax in the 2nd quarter valued at about $29,000. Quarry LP lifted its stake in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Blue Trust Inc. grew its holdings in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Studio Investment Management LLC increased its position in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in CarMax in the first quarter valued at approximately $55,000.

Insider Activity

In related news, CEO William D. Nash sold 120,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,012 shares of company stock worth $14,803,843. Insiders own 1.66% of the company’s stock.

CarMax Stock Down 1.5 %

Shares of NYSE KMX opened at $73.09 on Friday. The stock has a market capitalization of $11.41 billion, a P/E ratio of 28.55, a PEG ratio of 1.56 and a beta of 1.68. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The stock’s fifty day moving average is $79.16 and its 200 day moving average is $76.17.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Evercore ISI reduced their price objective on shares of CarMax from $79.00 to $76.00 and set an “in-line” rating for the company in a research report on Thursday. Truist Financial increased their price objective on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada lifted their target price on shares of CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $79.45.

About CarMax

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.