Wealth Enhancement Advisory Services LLC Sells 46,778 Shares of CarMax, Inc. $KMX

Wealth Enhancement Advisory Services LLC reduced its stake in CarMax, Inc. (NYSE:KMX) by 53.0% during the third quarter, HoldingsChannel reports. The firm owned 41,551 shares of the company’s stock after selling 46,778 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CarMax were worth $1,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of CarMax by 195.3% during the 2nd quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock worth $298,107,000 after acquiring an additional 2,947,996 shares during the last quarter. Baird Financial Group Inc. increased its stake in CarMax by 6.6% in the second quarter. Baird Financial Group Inc. now owns 3,298,113 shares of the company’s stock valued at $221,666,000 after acquiring an additional 204,481 shares during the last quarter. Norges Bank purchased a new stake in CarMax during the second quarter valued at about $208,144,000. Invesco Ltd. lifted its stake in CarMax by 4.7% during the second quarter. Invesco Ltd. now owns 2,998,928 shares of the company’s stock worth $201,558,000 after purchasing an additional 135,334 shares during the last quarter. Finally, First Pacific Advisors LP lifted its stake in CarMax by 0.6% during the second quarter. First Pacific Advisors LP now owns 2,431,244 shares of the company’s stock worth $163,404,000 after purchasing an additional 15,270 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley set a $35.00 price objective on CarMax in a research report on Monday, December 8th. Benchmark reiterated a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Truist Financial lifted their price target on shares of CarMax from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. Finally, William Blair lowered shares of CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $39.64.

CarMax Trading Down 2.2%

Shares of KMX opened at $44.51 on Friday. The stock has a market capitalization of $6.31 billion, a P/E ratio of 14.69, a PEG ratio of 1.09 and a beta of 1.29. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $89.47. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The firm has a fifty day simple moving average of $41.81 and a two-hundred day simple moving average of $47.92.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.32 by $0.11. The firm had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.