Stratos Wealth Advisors LLC Trims Holdings in CarMax, Inc. (NYSE:KMX)

Stratos Wealth Advisors LLC lowered its holdings in CarMax, Inc. (NYSE:KMX) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,934 shares of the company’s stock after selling 718 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in CarMax were worth $649,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of CarMax in the 2nd quarter worth about $814,000. Czech National Bank lifted its holdings in CarMax by 6.0% in the third quarter. Czech National Bank now owns 31,794 shares of the company’s stock worth $2,460,000 after buying an additional 1,802 shares during the period. Atomi Financial Group Inc. boosted its position in CarMax by 27.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,606 shares of the company’s stock valued at $279,000 after acquiring an additional 774 shares in the last quarter. CWM LLC grew its holdings in shares of CarMax by 30.2% during the 3rd quarter. CWM LLC now owns 23,150 shares of the company’s stock worth $1,791,000 after acquiring an additional 5,374 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of CarMax by 418.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,239 shares of the company’s stock worth $96,000 after acquiring an additional 1,000 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Needham & Company LLC upped their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Mizuho increased their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $110.00 in a research note on Thursday. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.50.

CarMax Trading Down 1.5 %

Shares of NYSE:KMX opened at $85.24 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a market cap of $13.11 billion, a P/E ratio of 28.89, a PEG ratio of 1.66 and a beta of 1.72. The stock’s fifty day moving average price is $83.11 and its 200-day moving average price is $79.68.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts expect that CarMax, Inc. will post 3.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock valued at $21,915,445. Company insiders own 1.66% of the company’s stock.

CarMax Profile

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.