ProVise Management Group LLC Has $6.88 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

ProVise Management Group LLC raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,155 shares of the company’s stock after buying an additional 6,032 shares during the period. ProVise Management Group LLC’s holdings in CarMax were worth $6,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMX. Principal Financial Group Inc. boosted its position in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after purchasing an additional 282,519 shares during the last quarter. State Street Corp raised its stake in shares of CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after buying an additional 28,466 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CarMax by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares in the last quarter. Finally, First Pacific Advisors LP grew its stake in shares of CarMax by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock valued at $195,984,000 after buying an additional 13,487 shares in the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction 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 approximately $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Down 2.1 %

Shares of CarMax stock opened at $70.33 on Wednesday. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company’s fifty day simple moving average is $81.44 and its 200-day simple moving average is $79.71. 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 posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping 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 company 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 posted $0.52 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on KMX shares. Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada raised their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Finally, Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Two 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 data from MarketBeat, CarMax has an average rating of “Hold” and an average price target of $90.45.

About CarMax

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.