Montag A & Associates Inc. Sells 15,532 Shares of CarMax, Inc. (NYSE:KMX)

Montag A & Associates Inc. reduced its position in CarMax, Inc. (NYSE:KMX) by 48.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,467 shares of the company’s stock after selling 15,532 shares during the quarter. Montag A & Associates Inc.’s holdings in CarMax were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the third quarter worth approximately $32,000. True Wealth Design LLC boosted its position in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the period. ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter worth approximately $58,000. Larson Financial Group LLC boosted its position 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 purchasing an additional 353 shares during the period. Finally, Concord Wealth Partners boosted its position in shares of CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after acquiring an additional 844 shares during the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Truist Financial increased 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. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $110.00 in a research report on Thursday, February 6th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CarMax has a consensus rating of “Hold” and an average target price of $87.50.

CarMax Trading Up 1.5 %

Shares of KMX opened at $88.91 on Monday. 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, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company’s fifty day simple moving average is $83.38 and its 200-day simple moving average is $79.80. The company has a market cap of $13.67 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX) last issued its earnings results 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. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that CarMax, Inc. will post 3.22 EPS for the current year.

Insider Activity

In related news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The stock was 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 of the company’s stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

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.