Live Oak Private Wealth LLC Sells 1,493 Shares of CarMax, Inc. $KMX

Live Oak Private Wealth LLC decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 81,413 shares of the company’s stock after selling 1,493 shares during the quarter. Live Oak Private Wealth LLC owned 0.05% of CarMax worth $5,472,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in KMX. Zions Bancorporation National Association UT acquired a new stake in shares of CarMax during the 1st quarter valued at about $27,000. Accent Capital Management LLC acquired a new stake in shares of CarMax during the 1st quarter valued at about $34,000. Strengthening Families & Communities LLC boosted its position in shares of CarMax by 93.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after acquiring an additional 256 shares in the last quarter. Quarry LP boosted its position in shares of CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after acquiring an additional 233 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of CarMax by 25.8% during the 2nd quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after acquiring an additional 232 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Wedbush reiterated a “neutral” rating and set a $54.00 target price on shares of CarMax in a research report on Thursday, October 16th. Truist Financial decreased their target price on shares of CarMax from $74.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Zacks Research lowered shares of CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average price target of $51.75.

CarMax Price Performance

NYSE:KMX opened at $42.42 on Thursday. The firm has a market cap of $6.23 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.27. CarMax, Inc. has a 12 month low of $42.24 and a 12 month high of $91.25. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The company’s 50-day moving average price is $52.23 and its two-hundred day moving average price is $59.92.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The firm had revenue of $6.59 billion during the quarter, compared to analyst estimates of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. CarMax’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax 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.