CarMax, Inc. (NYSE:KMX) Shares Sold by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,557 shares of the company’s stock after selling 918 shares during the quarter. Mezzasalma Advisors LLC’s holdings in CarMax were worth $209,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Lakewood Asset Management LLC grew its position in shares of CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after buying an additional 135 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after purchasing an additional 141 shares during the last quarter. Chemistry Wealth Management LLC boosted its position in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after purchasing an additional 164 shares during the period. Sompo Asset Management Co. Ltd. grew its stake in CarMax by 1.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after buying an additional 170 shares during the last quarter. Finally, Signaturefd LLC increased its position in CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock worth $120,000 after buying an additional 172 shares during the period.

CarMax Price Performance

Shares of NYSE KMX opened at $85.24 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The firm has a market capitalization of $13.11 billion, a P/E ratio of 28.89, a PEG ratio of 1.70 and a beta of 1.72. The company’s fifty day moving average is $83.11 and its two-hundred day moving average is $79.67.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping 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 firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James Lyski sold 57,986 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now owns 22,803 shares in the company, valued at $1,855,024.05. This represents a 71.77 % 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 worth $21,915,445 in the last quarter. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC raised their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $110.00 in a report on Thursday. Finally, StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.50.

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.