CarMax, Inc. (NYSE:KMX) Stock Holdings Lessened by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP cut its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,875 shares of the company's stock after selling 4,637 shares during the period. Occudo Quantitative Strategies LP's holdings in CarMax were worth $1,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its position in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP grew its holdings in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after buying an additional 249 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of CarMax by 2,310.0% during the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after buying an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in CarMax in the 4th quarter valued at approximately $85,000.

CarMax Stock Up 1.5%

NYSE KMX traded up $1.03 during trading hours on Monday, hitting $68.28. The company had a trading volume of 715,263 shares, compared to its average volume of 2,149,057. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm's 50 day moving average is $70.04 and its 200 day moving average is $77.85.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wedbush reissued an "outperform" rating and set a $90.00 price target on shares of CarMax in a research note on Monday. Evercore ISI reduced 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. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Finally, Cfra Research raised CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and an average target price of $87.73.

CarMax 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.