Procyon Advisors LLC Sells 2,048 Shares of CarMax, Inc. (NYSE:KMX)

Procyon Advisors LLC lowered its position in CarMax, Inc. (NYSE:KMX) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 14,334 shares of the company’s stock after selling 2,048 shares during the quarter. Procyon Advisors LLC’s holdings in CarMax were worth $1,172,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the period. Vulcan Value Partners LLC grew its position in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after acquiring an additional 1,369,986 shares during the last quarter. Holocene Advisors LP grew its position in CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after acquiring an additional 834,232 shares during the last quarter. Marshall Wace LLP increased its stake in CarMax by 87.6% in the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after purchasing an additional 541,967 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after purchasing an additional 436,342 shares during the last quarter.

Insider Buying and Selling at CarMax

In other news, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $983,292.26. This represents a 46.00 % 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 firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,598 shares of company stock worth $21,503,625 over the last three months. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Down 0.9 %

Shares of NYSE KMX opened at $78.96 on Friday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The business has a fifty day moving average price of $82.07 and a 200 day moving average price of $79.06. The stock has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. 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 released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating 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 business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

KMX has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Evercore ISI upped their target price on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Finally, Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.17.

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.