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

ProShare Advisors LLC decreased its position in shares of CarMax, Inc. (NYSE:KMX – Get Rating) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,328 shares of the company’s stock after selling 197 shares during the quarter. ProShare Advisors LLC’s holdings in CarMax were worth $1,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Kinneret Advisory LLC increased its position in CarMax by 2.3% during the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after buying an additional 116 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in CarMax by 1.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,323 shares of the company’s stock worth $750,000 after buying an additional 163 shares during the period. Strengthening Families & Communities LLC increased its position in CarMax by 8.3% during the third quarter. Strengthening Families & Communities LLC now owns 2,483 shares of the company’s stock worth $163,000 after buying an additional 190 shares during the period. CENTRAL TRUST Co increased its position in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Finally, Cape Cod Five Cents Savings Bank increased its position in CarMax by 6.0% during the third quarter. Cape Cod Five Cents Savings Bank now owns 3,710 shares of the company’s stock worth $245,000 after buying an additional 210 shares during the period.

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CarMax Trading Down 2.2 %

Shares of KMX stock opened at $67.36 on Wednesday. The business’s fifty day moving average price is $65.62 and its 200 day moving average price is $65.72. CarMax, Inc. has a 1-year low of $52.10 and a 1-year high of $106.24. The firm has a market capitalization of $10.65 billion, a PE ratio of 22.23, a P/E/G ratio of 1.58 and a beta of 1.42. The company has a debt-to-equity ratio of 3.17, a current ratio of 2.60 and a quick ratio of 0.68.

CarMax (NYSE:KMX – Get Rating) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. CarMax had a return on equity of 8.85% and a net margin of 1.63%. The firm had revenue of $5.72 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. CarMax’s quarterly revenue was down 25.6% on a year-over-year basis. As a group, sell-side analysts forecast that CarMax, Inc. will post 2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMX. StockNews.com began coverage on CarMax in a research report on Thursday, March 16th. They set a “sell” rating on the stock. Truist Financial dropped their target price on CarMax from $66.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, April 12th. Royal Bank of Canada boosted their target price on CarMax from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 13th. Argus lowered CarMax from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Finally, Robert W. Baird boosted their target price on CarMax from $65.00 to $80.00 in a report on Wednesday, April 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.40.

CarMax Profile

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CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.

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