Regatta Capital Group LLC Sells 280 Shares of CarMax, Inc. (NYSE:KMX)

Regatta Capital Group LLC decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,214 shares of the company’s stock after selling 280 shares during the period. Regatta Capital Group LLC’s holdings in CarMax were worth $326,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning lifted its position in CarMax by 5.9% during the third quarter. Creative Planning now owns 13,833 shares of the company’s stock worth $1,070,000 after acquiring an additional 766 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of CarMax by 2.6% during the third quarter. Procyon Advisors LLC now owns 16,382 shares of the company’s stock worth $1,268,000 after purchasing an additional 416 shares during the period. Koshinski Asset Management Inc. acquired a new stake in CarMax during the 3rd quarter worth approximately $206,000. Birch Hill Investment Advisors LLC boosted its stake in CarMax by 2.2% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 26,589 shares of the company’s stock valued at $2,057,000 after purchasing an additional 570 shares during the period. Finally, Professional Financial Advisors LLC boosted its stake in CarMax by 2.9% in the 3rd quarter. Professional Financial Advisors LLC now owns 17,478 shares of the company’s stock valued at $1,352,000 after purchasing an additional 500 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMX. Truist Financial increased their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada raised their price target on shares of CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.45.

Insiders Place Their Bets

In related news, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

CarMax Stock Up 0.9 %

Shares of KMX opened at $73.67 on Wednesday. The firm has a 50 day simple moving average of $78.03 and a two-hundred day simple moving average of $75.39. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a market cap of $11.50 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.46 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Research analysts forecast that CarMax, Inc. will post 2.97 EPS for the current fiscal year.

CarMax Company 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.