Oppenheimer & Co. Inc. Sells 4,939 Shares of CarMax, Inc. (NYSE:KMX)

Oppenheimer & Co. Inc. reduced its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,872 shares of the company's stock after selling 4,939 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.13% of CarMax worth $15,184,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Allworth Financial LP boosted its stake in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of CarMax in the fourth quarter valued at about $53,000. Colonial Trust Co SC lifted its position in CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares in the last quarter. Blue Trust Inc. grew its holdings in CarMax by 49.2% during the 1st quarter. Blue Trust Inc. now owns 898 shares of the company's stock worth $70,000 after acquiring an additional 296 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in CarMax by 38.4% in the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company's stock valued at $73,000 after acquiring an additional 260 shares in the last quarter.

Insider Activity at CarMax

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the purchase, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KMX shares. Needham & Company LLC reiterated a "buy" rating and set a $92.00 target price on shares of CarMax in a research report on Monday. Wall Street Zen upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Royal Bank Of Canada boosted their target price on CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Evercore ISI decreased their price target on CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.10.

CarMax Trading Down 1.2%

NYSE KMX traded down $0.80 on Thursday, reaching $66.70. The company had a trading volume of 2,376,921 shares, compared to its average volume of 2,363,574. CarMax, Inc. has a 52 week low of $61.34 and a 52 week high of $91.25. The stock's 50 day moving average is $65.74 and its 200-day moving average is $74.98. The company has a quick ratio of 0.80, a current ratio of 2.39 and a debt-to-equity ratio of 2.86. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.10 and a beta of 1.38.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings results on Friday, June 20th. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.20. The company had revenue of $7.55 billion during the quarter, compared to analysts' expectations of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%. CarMax's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. Equities analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

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.