Wedge Capital Management L L P NC Sells 15,100 Shares of CarMax, Inc. (NYSE:KMX)

Wedge Capital Management L L P NC decreased its position in CarMax, Inc. (NYSE:KMX - Free Report) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 144,473 shares of the company's stock after selling 15,100 shares during the period. Wedge Capital Management L L P NC owned about 0.09% of CarMax worth $11,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KMX. Czech National Bank increased its holdings in CarMax by 0.5% during the 4th quarter. Czech National Bank now owns 27,789 shares of the company's stock valued at $2,133,000 after acquiring an additional 138 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock worth $48,000 after buying an additional 155 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CarMax by 0.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company's stock valued at $1,782,000 after buying an additional 157 shares during the last quarter. Fifth Third Bancorp raised its position in shares of CarMax by 1.9% in the fourth quarter. Fifth Third Bancorp now owns 8,749 shares of the company's stock valued at $671,000 after buying an additional 164 shares during the last quarter. Finally, Equitable Trust Co. lifted its stake in shares of CarMax by 3.8% during the fourth quarter. Equitable Trust Co. now owns 5,461 shares of the company's stock valued at $419,000 after buying an additional 199 shares during the period.

CarMax Stock Up 2.7 %

Shares of CarMax stock traded up $1.83 during trading on Tuesday, reaching $69.71. The company had a trading volume of 1,563,109 shares, compared to its average volume of 2,004,800. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The firm's fifty day moving average is $78.18 and its 200-day moving average is $72.12. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the company earned $0.44 EPS. CarMax's quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that CarMax, Inc. will post 3.3 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Needham & Company LLC reduced their price target on CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research note on Friday, April 12th. Evercore ISI decreased their price target on CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a research note on Friday, April 12th. StockNews.com upgraded shares of CarMax to a "sell" rating in a report on Monday. Truist Financial lowered their target price on shares of CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 15th. 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $77.42.

Insider Buying and Selling

In other news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company's stock, valued at $642,830.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares in the company, valued at approximately $355,515.84. The disclosure for this sale can be found here. 1.66% of the stock is owned by corporate insiders.

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.