4,983 Shares in CarMax, Inc. (NYSE:KMX) Bought by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,983 shares of the company's stock, valued at approximately $407,000.

A number of other large investors have also recently bought and sold shares of KMX. Cromwell Holdings LLC boosted its position in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after buying an additional 249 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax during the 4th quarter worth approximately $58,000. Farther Finance Advisors LLC increased its stake in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after acquiring an additional 480 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of CarMax during the 4th quarter valued at $85,000.

CarMax Stock Down 0.4 %

KMX opened at $66.29 on Friday. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25. The firm has a market capitalization of $10.12 billion, a P/E ratio of 22.47, a PEG ratio of 1.67 and a beta of 1.45. The company's 50-day moving average is $70.82 and its 200 day moving average is $77.95. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KMX. Robert W. Baird decreased their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Evercore ISI dropped their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Finally, Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $87.73.

Insider Buying and Selling at CarMax

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now directly owns 33,577 shares of the company's stock, valued at $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.66% of the company's stock.

CarMax Company 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.

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