D.A. Davidson & CO. Decreases Stake in CarMax, Inc. (NYSE:KMX)

D.A. Davidson & CO. lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,878 shares of the company’s stock after selling 3,250 shares during the quarter. D.A. Davidson & CO.’s holdings in CarMax were worth $971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lakewood Asset Management LLC raised its holdings in shares of CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after buying an additional 135 shares during the last quarter. Arete Wealth Advisors LLC grew its position in CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after buying an additional 164 shares during the period. Finally, Sompo Asset Management Co. Ltd. grew its position in CarMax by 1.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after purchasing an additional 170 shares in the last quarter.

Insider Activity at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

KMX has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Finally, Needham & Company LLC increased their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus target price of $87.50.

CarMax Stock Down 3.5 %

KMX opened at $82.62 on Monday. The business has a 50 day moving average of $83.39 and a 200-day moving average of $80.15. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.67 and a beta of 1.72. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 1-year low of $65.83 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current year.

About CarMax

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.