Redmond Asset Management LLC Sells 1,729 Shares of CarMax, Inc. (NYSE:KMX)

Redmond Asset Management LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,651 shares of the company’s stock after selling 1,729 shares during the period. CarMax makes up about 1.0% of Redmond Asset Management LLC’s portfolio, making the stock its 25th biggest position. Redmond Asset Management LLC’s holdings in CarMax were worth $4,141,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in CarMax during the third quarter worth about $32,000. True Wealth Design LLC boosted its stake 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 valued at $34,000 after purchasing an additional 436 shares in the last quarter. Cromwell Holdings LLC grew its holdings in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP increased its position in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares during the last quarter.

Insider Buying and Selling

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the stock in a transaction dated Monday, December 23rd. The shares were 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 approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 in the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KMX. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Truist Financial upped their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Finally, Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CarMax currently has a consensus rating of “Hold” and an average target price of $87.50.

CarMax Stock Performance

Shares of KMX opened at $82.62 on Friday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a market cap of $12.71 billion, a PE ratio of 28.01, a P/E/G ratio of 1.67 and a beta of 1.72. The stock has a 50-day moving average of $83.39 and a 200-day moving average of $80.08. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last announced its quarterly 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. The business had revenue of $6.22 billion for 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%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, equities research analysts predict 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.