Premier Path Wealth Partners LLC Lowers Stake in CarMax, Inc. (NYSE:KMX)

Premier Path Wealth Partners LLC decreased its position in CarMax, Inc. (NYSE:KMX) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,178 shares of the company’s stock after selling 206 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in CarMax were worth $1,323,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the period. Vulcan Value Partners LLC grew its stake in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after acquiring an additional 1,369,986 shares in the last quarter. Holocene Advisors LP increased its position in shares of CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares during the period. Marshall Wace LLP increased its position in shares of CarMax by 87.6% during the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after acquiring an additional 541,967 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after acquiring an additional 436,342 shares in the last quarter.

Insider Activity

In related news, CEO William D. Nash sold 120,513 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMX has been the topic of several recent research reports. Mizuho upped their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $85.17.

CarMax Stock Performance

NYSE KMX opened at $78.96 on Friday. The company has a fifty day moving average of $82.07 and a two-hundred day moving average of $79.06. The company has a market capitalization of $12.14 billion, a PE ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. 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 (NYSE:KMX) last announced its 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 firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, analysts expect that CarMax, Inc. will post 3.18 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.