Corient Private Wealth LLC Sells 20,337 Shares of CarMax, Inc. (NYSE:KMX)

Corient Private Wealth LLC lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,211,309 shares of the company’s stock after selling 20,337 shares during the quarter. Corient Private Wealth LLC owned approximately 0.79% of CarMax worth $99,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new position in shares of CarMax during the 4th quarter worth $273,000. Jones Financial Companies Lllp increased its position in CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock worth $426,000 after buying an additional 1,396 shares during the last quarter. World Investment Advisors LLC bought a new position in CarMax during the third quarter valued at about $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after buying an additional 10,898 shares in the last quarter. Finally, HF Advisory Group LLC lifted its position in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after buying an additional 3,222 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMX. Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Needham & Company LLC upped their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Stephens started coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.45.

Insider Activity

In other news, SVP Tyler Tuite sold 4,869 shares of the 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 transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Up 0.9 %

CarMax stock opened at $69.89 on Monday. The business has a 50 day moving average price of $81.77 and a two-hundred day moving average price of $79.90. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

CarMax Company 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.