Alpha Omega Wealth Management LLC Sells 1,107 Shares of CarMax, Inc. (NYSE:KMX)

Alpha Omega Wealth Management LLC trimmed its position in CarMax, Inc. (NYSE:KMX) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 57,869 shares of the company’s stock after selling 1,107 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in CarMax were worth $4,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP raised its stake in CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the last quarter. CENTRAL TRUST Co grew its position in CarMax by 100.0% during the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares during the last quarter. VitalStone Financial LLC purchased a new stake in shares of CarMax during the first quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 400 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KMX shares. Mizuho reduced their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $83.00 price target on shares of CarMax in a report on Monday, April 8th. Needham & Company LLC decreased their price objective on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 12th. Robert W. Baird reduced their price target on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $77.42.

Insider Buying and Selling at CarMax

In other news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,929 shares of company stock worth $2,740,901. Corporate insiders own 1.66% of the company’s stock.

CarMax Price Performance

KMX traded up $0.34 during midday trading on Wednesday, hitting $69.80. 3,049,402 shares of the company traded hands, compared to its average volume of 2,662,303. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.09 and a beta of 1.61. The business has a 50 day simple moving average of $78.73 and a two-hundred day simple moving average of $72.10. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. On average, equities analysts forecast that CarMax, Inc. will post 3.49 earnings per share for the current fiscal year.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.