CarMax, Inc. (NYSE:KMX) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 19.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,013 shares of the company's stock after selling 11,949 shares during the period. Cerity Partners LLC's holdings in CarMax were worth $3,975,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Ameriflex Group Inc. bought a new position in shares of CarMax during the fourth quarter worth approximately $53,000. Colonial Trust Co SC increased its stake in shares of CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after acquiring an additional 693 shares in the last quarter. Blue Trust Inc. increased its stake in CarMax by 49.2% during the 1st quarter. Blue Trust Inc. now owns 898 shares of the company's stock valued at $70,000 after purchasing an additional 296 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of CarMax by 38.4% in the first quarter. Parallel Advisors LLC now owns 937 shares of the company's stock worth $73,000 after buying an additional 260 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of CarMax by 123.8% in the fourth quarter. True Wealth Design LLC now owns 996 shares of the company's stock worth $81,000 after buying an additional 551 shares in the last quarter.

Insiders Place Their Bets

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the completion of the transaction, the executive vice president owned 2,779 shares in the company, valued at $196,308.56. This trade represents a 35.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mitchell D. Steenrod purchased 1,300 shares of the business's stock in a transaction on Thursday, April 24th. The shares were acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the transaction, the director directly owned 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

CarMax Trading Down 1.8%

KMX stock traded down $1.11 on Monday, reaching $61.51. The company's stock had a trading volume of 2,971,621 shares, compared to its average volume of 2,434,419. The business has a fifty day simple moving average of $66.14 and a two-hundred day simple moving average of $72.90. 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 firm has a market cap of $9.23 billion, a PE ratio of 16.99, a PEG ratio of 1.01 and a beta of 1.38. CarMax, Inc. has a 12-month low of $61.34 and a 12-month high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. As a group, research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KMX shares. Truist Financial increased their price target on CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a report on Monday, June 23rd. Robert W. Baird reduced their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Wedbush restated an "outperform" rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday, June 18th. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, Evercore ISI decreased their price target on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of "Moderate Buy" and an average price target of $83.67.

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.