Virtu Financial LLC Sells 5,605 Shares of CarMax, Inc. (NYSE:KMX)

Virtu Financial LLC cut its stake in shares of CarMax, Inc. (NYSE:KMX) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,905 shares of the company’s stock after selling 5,605 shares during the quarter. Virtu Financial LLC’s holdings in CarMax were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares during the last quarter. Cromwell Holdings LLC increased its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the period. Allworth Financial LP increased its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the period. Larson Financial Group LLC increased its stake in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new position in shares of CarMax in the fourth quarter worth $58,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial boosted their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Mizuho boosted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Evercore ISI reduced their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $90.45.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 30,245 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $84.34, for a total transaction of $2,550,863.30. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $83,918.30. The trade was a 96.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,954 shares of company stock worth $11,046,243. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX stock opened at $71.29 on Monday. 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 $10.96 billion, a PE ratio of 24.17, a price-to-earnings-growth 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. The company’s fifty day moving average price is $80.87 and its 200-day moving average price is $79.45.

CarMax (NYSE:KMX) last announced 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. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal 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.