Compass Wealth Management LLC Sells 200 Shares of CarMax, Inc. (NYSE:KMX)

Compass Wealth Management LLC decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,500 shares of the company’s stock after selling 200 shares during the period. Compass Wealth Management LLC’s holdings in CarMax were worth $695,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its holdings in shares of CarMax by 5.4% in the second quarter. Intech Investment Management LLC now owns 6,210 shares of the company’s stock valued at $455,000 after purchasing an additional 320 shares during the period. AE Wealth Management LLC lifted its holdings in shares of CarMax by 16.7% in the 2nd quarter. AE Wealth Management LLC now owns 5,273 shares of the company’s stock worth $387,000 after buying an additional 756 shares during the period. Sei Investments Co. grew its position in shares of CarMax by 166.8% during the 2nd quarter. Sei Investments Co. now owns 119,278 shares of the company’s stock worth $8,748,000 after buying an additional 74,568 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of CarMax by 6.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 57,933 shares of the company’s stock worth $4,249,000 after buying an additional 3,650 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of CarMax by 7.2% during the second quarter. ProShare Advisors LLC now owns 21,499 shares of the company’s stock valued at $1,577,000 after buying an additional 1,441 shares during the period.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial increased their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada boosted their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.17.

CarMax Price Performance

Shares of KMX stock opened at $82.72 on Friday. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.49 and a beta of 1.71. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock’s 50-day simple moving average is $82.35 and its 200-day simple moving average is $79.32. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, equities analysts forecast that CarMax, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Activity at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 259,598 shares of company stock valued at $21,503,625 in the last ninety days. 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.