Wells Fargo & Company MN Sells 36,368 Shares of CarMax, Inc. (NYSE:KMX) (2024)

Wells Fargo & Company MN lessened its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 671,496 shares of the company's stock after selling 36,368 shares during the quarter. Wells Fargo & Company MN owned approximately 0.43% of CarMax worth $51,531,000 as of its most recent SEC filing.

Get CarMax alerts:

Several other institutional investors also recently modified their holdings of KMX. Allworth Financial LP grew its position in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company's stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in 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 buying an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in CarMax during the 4th quarter worth approximately $37,000. MCF Advisors LLC bought a new stake in CarMax during the 4th quarter worth approximately $46,000. Finally, Lindbrook Capital LLC grew its holdings in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock worth $48,000 after acquiring an additional 155 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMX. Royal Bank of Canada reiterated an "outperform" rating and set a $83.00 price target on shares of CarMax in a report on Monday, April 8th. Mizuho lowered their price target on shares of CarMax from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 15th. Truist Financial lowered their target price on shares of CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a research note on Friday, April 12th. Finally, Evercore ISI cut their price target on shares of CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $77.42.

Insider Buying and Selling at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.66% of the company's stock.

CarMax Stock Up 1.4 %

KMX stock traded up $0.95 during trading on Friday, reaching $69.88. 733,951 shares of the stock were exchanged, compared to its average volume of 1,881,307. 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 twelve month low of $59.66 and a twelve month high of $88.22. The firm's 50 day moving average is $75.21 and its 200 day moving average is $73.12. The firm has a market cap of $11.00 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.64.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, research analysts forecast that CarMax, Inc. will post 3.12 EPS for the current year.

CarMax Profile

(Free Report)

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.

Should you invest $1,000 in CarMax right now?

Before you consider CarMax, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CarMax wasn't on the list.

While CarMax currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report