EverSource Wealth Advisors LLC Acquires 1,999 Shares of CarMax, Inc. (NYSE:KMX)

EverSource Wealth Advisors LLC increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 107.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,867 shares of the company’s stock after acquiring an additional 1,999 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CarMax were worth $316,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KMX. Assetmark Inc. raised its holdings in CarMax by 9,900.0% in the 3rd quarter. Assetmark Inc. now owns 1,400 shares of the company’s stock valued at $108,000 after acquiring an additional 1,386 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of CarMax by 14.9% during the third quarter. Crossmark Global Holdings Inc. now owns 8,858 shares of the company’s stock valued at $685,000 after purchasing an additional 1,152 shares during the period. Apollon Wealth Management LLC raised its stake in shares of CarMax by 77.5% in the third quarter. Apollon Wealth Management LLC now owns 4,915 shares of the company’s stock valued at $380,000 after purchasing an additional 2,146 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after purchasing an additional 10,898 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in CarMax by 1.8% during the third quarter. Victory Capital Management Inc. now owns 52,929 shares of the company’s stock worth $4,096,000 after buying an additional 923 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMX. Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Mizuho upped 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. Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Finally, StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.45.

CarMax Trading Up 0.9 %

Shares of NYSE KMX opened at $69.89 on Friday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a 50-day moving average of $81.77 and a two-hundred day moving average of $79.93. The company has a market cap of $10.75 billion, a PE ratio of 23.69, a P/E/G ratio of 1.67 and a beta of 1.76. 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 (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. As a group, equities analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at $983,292.26. The trade was a 46.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 in the last quarter. 1.66% of the stock is owned by company insiders.

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.