Avior Wealth Management LLC Raises Stock Holdings in CarMax, Inc. (NYSE:KMX)

Avior Wealth Management LLC raised its position in shares of CarMax, Inc. (NYSE:KMX) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,098 shares of the company’s stock after acquiring an additional 400 shares during the period. Avior Wealth Management LLC’s holdings in CarMax were worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KMX. Norges Bank bought a new position in shares of CarMax during the 4th quarter valued at approximately $99,730,000. Wellington Management Group LLP increased its position in shares of CarMax by 29.4% during the 1st quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock valued at $342,400,000 after purchasing an additional 805,438 shares during the last quarter. American Century Companies Inc. grew its position in CarMax by 674.3% in the 3rd quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock valued at $57,059,000 after acquiring an additional 702,526 shares during the last quarter. Los Angeles Capital Management LLC grew its position in CarMax by 2,311.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock valued at $42,697,000 after acquiring an additional 578,622 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in CarMax by 119.1% in the 1st quarter. Two Sigma Investments LP now owns 769,249 shares of the company’s stock valued at $49,447,000 after acquiring an additional 418,078 shares during the last quarter.

CarMax Trading Down 1.8 %

CarMax stock opened at $68.53 on Thursday. The stock has a 50-day moving average of $78.66 and a two-hundred day moving average of $72.07. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The stock has a market cap of $10.79 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.10 and a beta of 1.61.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KMX shares. Bank of America upped their target price on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Needham & Company LLC decreased their price objective on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Mizuho decreased their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research note on Tuesday. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.42.

Insider Activity

In other news, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $355,515.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at $355,515.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,929 shares of company stock valued at $2,740,901. Company insiders own 1.66% of the company’s stock.

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.