CarMax, Inc. (NYSE:KMX) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its holdings in CarMax, Inc. (NYSE:KMX) by 42.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,186 shares of the company’s stock after selling 1,627 shares during the period. UMB Bank n.a.’s holdings in CarMax were worth $169,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. First Community Trust NA purchased a new position in CarMax in the second quarter worth approximately $29,000. Quarry LP lifted its position in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Blue Trust Inc. grew its stake 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 purchasing an additional 287 shares in the last quarter. Studio Investment Management LLC increased its holdings in CarMax by 176.7% in the second 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 acquired a new stake in CarMax in the first quarter valued at $55,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KMX shares. Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Tuesday, September 17th. Royal Bank of Canada lifted their price target on shares of CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a research note on Friday, June 21st. Finally, Needham & Company LLC lifted their target price on CarMax from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $79.45.

CarMax Price Performance

Shares of KMX opened at $72.14 on Monday. The firm has a market capitalization of $11.26 billion, a PE ratio of 28.18, a P/E/G ratio of 1.46 and a beta of 1.68. The stock’s 50 day moving average is $78.10 and its two-hundred day moving average is $75.59. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

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

Insider Buying and Selling at CarMax

In other 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 transaction of $2,056,500.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $965,567.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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 of the company’s stock, valued at $965,567.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at $1,690,899.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,339 shares of company stock valued at $3,636,061. Insiders own 1.66% of the company’s stock.

CarMax 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.