Bard Financial Services Inc. Sells 8,900 Shares of CarMax, Inc. (NYSE:KMX)

Bard Financial Services Inc. lessened its stake in CarMax, Inc. (NYSE:KMX) by 22.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,410 shares of the company’s stock after selling 8,900 shares during the period. Bard Financial Services Inc.’s holdings in CarMax were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in KMX. First Community Trust NA bought a new position in CarMax during the 2nd quarter valued at $29,000. Quarry LP lifted its holdings in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Blue Trust Inc. increased its position in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares in the last quarter. Studio Investment Management LLC lifted its position in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of CarMax during the 1st quarter valued at about $55,000.

Insider Transactions at CarMax

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of CarMax 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Nash sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $14,465,600.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,012 shares of company stock valued at $14,803,843. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC boosted their price target on CarMax from $87.00 to $90.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial increased their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Morgan Stanley restated an “overweight” rating and issued a $80.00 target price on shares of CarMax in a research note on Friday, June 21st. Finally, Royal Bank of Canada upped their price target on shares of CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $79.45.

CarMax Stock Down 1.5 %

KMX traded down $1.10 during trading on Friday, hitting $73.09. 2,158,496 shares of the company’s stock were exchanged, compared to its average volume of 1,952,637. The stock has a market cap of $11.41 billion, a P/E ratio of 28.55, a PEG ratio of 1.56 and a beta of 1.68. The business’s 50 day moving average is $79.16 and its two-hundred day moving average is $76.17. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, equities analysts expect that CarMax, Inc. will post 2.99 earnings per share 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.