Wealth Enhancement Advisory Services LLC Trims Stock Position in CarMax, Inc. (NYSE:KMX)

Wealth Enhancement Advisory Services LLC decreased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 37.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,479 shares of the company's stock after selling 13,386 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CarMax were worth $1,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in shares of CarMax in the 4th quarter valued at $2,173,000. Metis Global Partners LLC boosted its position in CarMax by 90.6% during the fourth quarter. Metis Global Partners LLC now owns 9,623 shares of the company's stock valued at $787,000 after purchasing an additional 4,575 shares in the last quarter. Maia Wealth LLC grew its stake in CarMax by 15.5% in the fourth quarter. Maia Wealth LLC now owns 25,942 shares of the company's stock valued at $2,193,000 after purchasing an additional 3,481 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in CarMax by 2.8% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 219,602 shares of the company's stock worth $17,955,000 after purchasing an additional 6,038 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after buying an additional 1,396 shares during the last quarter.

CarMax Stock Performance

KMX traded up $1.28 on Wednesday, reaching $71.56. 2,831,666 shares of the stock were exchanged, compared to its average volume of 2,395,198. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. The company's 50-day moving average price is $66.10 and its 200 day moving average price is $74.49. The firm has a market capitalization of $10.74 billion, a PE ratio of 19.77, a PEG ratio of 1.15 and a beta of 1.38. CarMax, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.20. The firm 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%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insider Transactions at CarMax

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director owned 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMX. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Truist Financial raised their target price on shares of CarMax from $72.00 to $74.00 and gave the company a "hold" rating in a research note on Monday, June 23rd. Robert W. Baird reduced their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 target price on shares of CarMax in a research report on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.64.

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.