Blair William & Co. IL Sells 75,946 Shares of CarMax, Inc. (NYSE:KMX)

Key Points

• Blair William & Co. IL reduced its stake in CarMax, Inc. by 14.3%, selling 75,946 shares, but still holds 456,070 shares worth approximately $35.54 million.
• CarMax's latest quarterly earnings report revealed $1.38 EPS, exceeding estimates, while revenue was $7.55 billion, slightly below expectations.
• Analysts' ratings for CarMax show a consensus of "Moderate Buy" with a price target of $83.67, despite mixed price adjustments from various institutions.

Blair William & Co. IL decreased its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 456,070 shares of the company's stock after selling 75,946 shares during the period. Blair William & Co. IL owned 0.30% of CarMax worth $35,537,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Argent Trust Co increased its stake in shares of CarMax by 10.6% during the 1st quarter. Argent Trust Co now owns 37,815 shares of the company's stock worth $2,947,000 after purchasing an additional 3,615 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in CarMax during the first quarter valued at $3,019,000. PNC Financial Services Group Inc. increased its position in CarMax by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 61,981 shares of the company's stock worth $4,830,000 after buying an additional 1,768 shares during the last quarter. ProVise Management Group LLC increased its position in CarMax by 11.4% in the first quarter. ProVise Management Group LLC now owns 93,765 shares of the company's stock worth $7,306,000 after buying an additional 9,610 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of CarMax by 1.5% in the first quarter. US Bancorp DE now owns 28,268 shares of the company's stock valued at $2,203,000 after buying an additional 414 shares during the period.

Insider Transactions at CarMax

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total value of $108,785.60. Following the completion of the transaction, the executive vice president owned 2,779 shares of the company's stock, valued at $196,308.56. The trade was a 35.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

CarMax Trading Down 1.1%

Shares of KMX stock opened at $55.98 on Monday. CarMax, Inc. has a 52-week low of $55.37 and a 52-week high of $91.25. The business's fifty day moving average is $64.82 and its 200 day moving average is $71.50. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. The company has a market capitalization of $8.40 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.91 and a beta of 1.36.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.20. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The firm had revenue of $7.55 billion for the quarter, compared to analysts' expectations of $7.58 billion. During the same quarter last year, the firm posted $0.97 EPS. The company's revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

KMX has been the subject of several research reports. Truist Financial increased their price target on CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a research note on Monday, June 23rd. Robert W. Baird cut their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Evercore ISI lowered their price target on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CarMax has a consensus rating of "Moderate Buy" and a consensus price target of $83.67.

CarMax Company 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.

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