CarMax, Inc. (NYSE:KMX) Shares Sold by Advisory Services Network LLC (2024)

Posted by Defense World Staff on May 31st, 2024

CarMax, Inc. (NYSE:KMX) Shares Sold by Advisory Services Network LLC (1)Advisory Services Network LLC reduced its position in CarMax, Inc. (NYSE:KMXFree Report) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,805 shares of the company’s stock after selling 3,050 shares during the period. Advisory Services Network LLC’s holdings in CarMax were worth $983,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KMX. Private Advisor Group LLC increased its position in CarMax by 7.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,986 shares of the company’s stock worth $636,000 after purchasing an additional 617 shares in the last quarter. Signaturefd LLC raised its position in shares of CarMax by 17.8% in the third quarter. Signaturefd LLC now owns 1,387 shares of the company’s stock valued at $98,000 after buying an additional 210 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of CarMax by 30.6% during the third quarter. Victory Capital Management Inc. now owns 32,183 shares of the company’s stock valued at $2,276,000 after buying an additional 7,532 shares during the period. Assenagon Asset Management S.A. boosted its position in CarMax by 306.5% during the third quarter. Assenagon Asset Management S.A. now owns 21,209 shares of the company’s stock worth $1,500,000 after acquiring an additional 15,991 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in CarMax by 5.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 146,566 shares of the company’s stock valued at $10,367,000 after acquiring an additional 6,938 shares during the last quarter.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

CarMax stock opened at $69.66 on Friday. The firm’s 50 day simple moving average is $74.13 and its 200-day simple moving average is $73.14. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The company has a market cap of $10.96 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64.

CarMax (NYSE:KMXGet Free Report) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $0.44 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts predict that CarMax, Inc. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the subject of a number of recent analyst reports. Bank of America upped their target price on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Robert W. Baird dropped their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Evercore ISI decreased their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 target price on shares of CarMax in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.42.

Get Our Latest Stock Report on KMX

CarMax Profile

(Free Report)

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.

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CarMax, Inc. (NYSE:KMX) Shares Sold by Advisory Services Network LLC (2)

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CarMax, Inc. (NYSE:KMX) Shares Sold by Advisory Services Network LLC (2024)

FAQs

Is KMX a good stock to buy? ›

CarMax stock has received a consensus rating of buy. The average rating score is and is based on 38 buy ratings, 21 hold ratings, and 9 sell ratings.

What is the price target for KMX? ›

Stock Price Target KMX
High$105.00
Median$77.50
Low$50.00
Average$76.56
Current Price$73.08

Who owns the most CarMax stock? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Principal Financial Group Inc, Diamond Hill Capital Management Inc, State Street Corp, PMSBX - MidCap Fund (f/k/a MidCap Blend Fund) R-1, Primecap Management Co/ca/, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Janus Henderson Group Plc ...

What is the price prediction for CarMax stock? ›

KMX Stock 12 Month Forecast

Based on 12 Wall Street analysts offering 12 month price targets for CarMax in the last 3 months. The average price target is $80.27 with a high forecast of $105.00 and a low forecast of $55.00. The average price target represents a 12.06% change from the last price of $71.63.

What is the stock forecast for KMX in 2025? ›

CarMax Stock Prediction 2025

The CarMax stock prediction for 2025 is currently $ 79.24, assuming that CarMax shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 8.95% increase in the KMX stock price.

What is KMX dividend yield? ›

Historical dividend payout and yield for CarMax (KMX) since 1971. The current TTM dividend payout for CarMax (KMX) as of June 14, 2024 is $0.00. The current dividend yield for CarMax as of June 14, 2024 is 0.00%.

What is KMX debt to equity ratio? ›

CarMax has a total shareholder equity of $6.1B and total debt of $18.8B, which brings its debt-to-equity ratio to 308.8%. Its total assets and total liabilities are $27.2B and $21.1B respectively. CarMax's EBIT is $756.1M making its interest coverage ratio 6.1. It has cash and short-term investments of $574.1M.

What is the market share of KMX? ›

Market Leadership and Brand Recognition: CarMax Inc's status as the largest used-vehicle retailer in the US is a testament to its strong market presence and brand recognition. With a market share of approximately 3.7% for vehicles aged 0-10 years as of 2023, the company's dominance is clear.

What is the PE ratio of KMX stock? ›

P/E ratio as of June 2024 (TTM): 25.5

According to CarMax 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.4983. At the end of 2022 the company had a P/E ratio of 17.0.

Does Warren Buffett own CarMax? ›

Fortune senior editor Alex Taylor III writes in his column today that we shouldn't pay too much attention to Berkshire Hathaway's addition of CarMax to its portfolio because Berkshire Chairman Warren Buffett “wasn't directly involved in the purchase.”

Is CarMax making money? ›

Gross Profit .

Total gross profit was $612.9 million, up 6.3% versus last year's third quarter. Retail used vehicle gross profit declined 1.2%, primarily reflecting the decline in retail unit sales. Retail gross profit per used unit was $2,277, in line with last year's third quarter.

Is KMX a buy or sell? ›

Is Carmax Stock a good buy in 2024, according to Wall Street analysts? The consensus among 10 Wall Street analysts covering (NYSE: KMX) stock is to Hold KMX stock.

Is CarMax a good investment? ›

CarMax, Inc.

may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of KMX, demonstrate its potential to outperform the market.

How many times has CarMax stock split? ›

CarMax stock (symbol: KMX) underwent a total of 1 stock split.

Will Mustang bio stock go up? ›

MBIO Stock 12 Month Forecast

Based on 1 Wall Street analysts offering 12 month price targets for Mustang Bio in the last 3 months. The average price target is $2.00 with a high forecast of $2.00 and a low forecast of $2.00. The average price target represents a 245.36% change from the last price of $0.58.

Is Duckhorn portfolio a good stock to buy? ›

Duckhorn Portfolio has a consensus rating of Moderate Buy which is based on 2 buy ratings, 3 hold ratings and 0 sell ratings. What is Duckhorn Portfolio's price target? The average price target for Duckhorn Portfolio is $9.40. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is autonation a buy or sell? ›

Is AN a Buy, Sell or Hold? Autonation has a consensus rating of Moderate Buy which is based on 5 buy ratings, 3 hold ratings and 0 sell ratings.

What does KMx service do? ›

KMx is an Advanced Distributed Learning Platform that provides fully integrated eLearning development, learning management, performance management, learning content management and virtual classroom technologies in one easy to use solution.

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