Strata Wealth Advisors LLC Invests $2.13 Million in CarMax, Inc. (NYSE:KMX)

Strata Wealth Advisors LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 27,798 shares of the company's stock, valued at approximately $2,133,000. CarMax comprises 0.8% of Strata Wealth Advisors LLC's holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company's stock worth $26,000 after buying an additional 207 shares during the last quarter. CENTRAL TRUST Co grew its stake in CarMax by 100.0% during the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company's stock valued at $31,000 after purchasing an additional 289 shares during the period. VitalStone Financial LLC acquired a new position in shares of CarMax in the first quarter valued at about $33,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company's stock valued at $34,000 after purchasing an additional 400 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KMX shares. Oppenheimer reissued an "outperform" rating and issued a $105.00 price objective on shares of CarMax in a report on Tuesday, April 9th. Needham & Company LLC cut their price objective on CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a report on Friday, April 12th. Truist Financial cut their price objective on CarMax from $75.00 to $72.00 and set a "hold" rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price objective on CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday, April 15th. Finally, Evercore ISI cut their price objective on CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $77.42.

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at $357,849.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Diane L. Cafritz sold 2,730 shares of the firm's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at $357,849.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Performance

Shares of KMX traded up $0.43 during mid-day trading on Friday, reaching $68.34. The company had a trading volume of 1,824,702 shares, compared to its average volume of 2,773,667. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $10.76 billion, a P/E ratio of 22.55, a PEG ratio of 1.08 and a beta of 1.61. The stock has a 50 day moving average of $78.42 and a two-hundred day moving average of $72.06.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. On average, analysts expect that CarMax, Inc. will post 3.43 earnings per share for the current year.

CarMax Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.