CarMax, Inc. (NYSE:KMX) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC decreased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 55.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,990 shares of the company's stock after selling 12,293 shares during the quarter. Cary Street Partners Investment Advisory LLC's holdings in CarMax were worth $767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. AE Wealth Management LLC lifted its stake in CarMax by 58.5% in the third quarter. AE Wealth Management LLC now owns 5,299 shares of the company's stock valued at $375,000 after buying an additional 1,956 shares during the last quarter. SG Americas Securities LLC lifted its stake in CarMax by 73.7% in the third quarter. SG Americas Securities LLC now owns 18,255 shares of the company's stock valued at $1,291,000 after buying an additional 7,743 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of CarMax during the third quarter worth approximately $106,000. Handelsbanken Fonder AB raised its stake in shares of CarMax by 8.7% during the third quarter. Handelsbanken Fonder AB now owns 32,996 shares of the company's stock worth $2,334,000 after purchasing an additional 2,645 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of CarMax by 14.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,200 shares of the company's stock worth $2,136,000 after purchasing an additional 3,800 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMX. StockNews.com upgraded CarMax to a "sell" rating in a research note on Monday, April 22nd. Oppenheimer restated an "outperform" rating and set a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Truist Financial cut their price target on CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a research note on Friday, April 12th. Mizuho cut their price target on CarMax from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, April 12th. Finally, Needham & Company LLC cut their price target on CarMax from $99.00 to $91.00 and set a "buy" rating for the company in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $77.42.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.66% of the company's stock.

CarMax Price Performance

KMX stock traded down $0.76 on Wednesday, reaching $67.21. 1,783,833 shares of the company's stock were exchanged, compared to its average volume of 2,026,501. 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 firm has a market cap of $10.58 billion, a PE ratio of 22.18, a P/E/G ratio of 1.16 and a beta of 1.61. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The stock has a fifty day moving average of $77.88 and a 200-day moving average of $72.14.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. As a group, equities analysts predict that CarMax, Inc. will post 3.27 EPS for the current fiscal 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.