Virtu Financial LLC Sells 5,605 Shares of CarMax, Inc. (NYSE:KMX)

Virtu Financial LLC cut its stake in shares of CarMax, Inc. (NYSE:KMX) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,905 shares of the company’s stock after selling 5,605 shares during the quarter. Virtu Financial LLC’s holdings in CarMax were worth $1,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KMX. True Wealth Design LLC boosted its stake in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares in the last quarter. Cromwell Holdings LLC lifted its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. Allworth Financial LP lifted its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after buying an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter valued at $58,000.

CarMax Stock Performance

NYSE KMX opened at $71.29 on Monday. The company has a market capitalization of $10.96 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a 50-day simple moving average of $80.87 and a 200 day simple moving average of $79.45. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. On average, research analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Transactions at CarMax

In other news, SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,954 shares of company stock worth $11,046,243 over the last quarter. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho raised their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Evercore ISI lowered their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Finally, Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.45.

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.