Maia Wealth LLC Grows Position in CarMax, Inc. (NYSE:KMX)

Maia Wealth LLC boosted its holdings in CarMax, Inc. (NYSE:KMX) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,942 shares of the company’s stock after purchasing an additional 3,481 shares during the quarter. Maia Wealth LLC’s holdings in CarMax were worth $2,193,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new position in CarMax in the 3rd quarter worth approximately $32,000. True Wealth Design LLC lifted its holdings in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the period. Allworth Financial LP increased its holdings in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares during the last quarter.

CarMax Stock Up 1.2 %

Shares of NYSE:KMX opened at $82.95 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a 50-day simple moving average of $83.27 and a 200-day simple moving average of $80.37. The stock has a market capitalization of $12.76 billion, a P/E ratio of 28.12, a PEG ratio of 1.67 and a beta of 1.72.

CarMax (NYSE:KMX) last posted its quarterly earnings data 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. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. Equities analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent analyst reports. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $110.00 in a research note on Thursday, February 6th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Truist Financial upped their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.91.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s 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 sale, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 264,467 shares of company stock valued at $21,915,445. Company insiders own 1.66% of the company’s stock.

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.