Live Oak Private Wealth LLC Sells 1,184 Shares of CarMax, Inc. (NYSE:KMX)

Live Oak Private Wealth LLC lowered its position in CarMax, Inc. (NYSE:KMX) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,608 shares of the company’s stock after selling 1,184 shares during the period. Live Oak Private Wealth LLC’s holdings in CarMax were worth $6,509,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of CarMax by 2.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,684 shares of the company’s stock worth $1,446,000 after acquiring an additional 380 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of CarMax by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 354,380 shares of the company’s stock valued at $28,974,000 after purchasing an additional 3,019 shares during the period. Choreo LLC increased its stake in CarMax by 47.3% during the 4th quarter. Choreo LLC now owns 10,483 shares of the company’s stock worth $860,000 after purchasing an additional 3,368 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in CarMax by 34.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,303 shares of the company’s stock worth $1,527,000 after buying an additional 4,690 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its holdings in shares of CarMax by 33.9% in the fourth quarter. E. Ohman J or Asset Management AB now owns 7,900 shares of the company’s stock valued at $646,000 after buying an additional 2,000 shares during the period.

CarMax Stock Performance

NYSE KMX opened at $86.47 on Friday. The firm has a market capitalization of $13.30 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.66 and a beta of 1.72. 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 firm’s fifty day moving average price is $83.09 and its two-hundred day moving average price is $79.65. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (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 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 firm earned $0.52 EPS. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that CarMax, Inc. will post 3.25 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on KMX. Mizuho raised their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective for the company. Needham & Company LLC increased their price objective on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday. Finally, StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.50.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 over the last 90 days. Company insiders own 1.66% of the company’s stock.

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.