Tranquilli Financial Advisor LLC Sells 167 Shares of CarMax, Inc. (NYSE:KMX)

Tranquilli Financial Advisor LLC lessened its holdings in CarMax, Inc. (NYSE:KMX) by 1.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,289 shares of the company’s stock after selling 167 shares during the quarter. Tranquilli Financial Advisor LLC’s holdings in CarMax were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. E. Ohman J or Asset Management AB raised its position 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 last quarter. Oregon Pacific Wealth Management LLC acquired a new position in CarMax in the fourth quarter valued at $477,000. CENTRAL TRUST Co increased its position in CarMax by 575.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,350 shares of the company’s stock valued at $110,000 after acquiring an additional 1,150 shares during the period. SYM FINANCIAL Corp purchased a new position in CarMax during the fourth quarter worth about $313,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in CarMax by 5.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,347 shares of the company’s stock worth $519,000 after buying an additional 338 shares during the period.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. The trade was a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 over the last ninety days. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMX shares. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Truist Financial upped their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Mizuho raised their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.42.

CarMax Stock Performance

NYSE KMX opened at $84.18 on Tuesday. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.66 and a beta of 1.72. The stock has a 50-day moving average of $83.08 and a 200 day moving average of $79.54. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share 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 analyst estimates of $6.05 billion. During the same quarter last year, the business earned $0.52 EPS. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that CarMax, Inc. will post 3.25 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.