CarMax, Inc. (NYSE:KMX) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 83.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,917 shares of the company's stock after selling 19,684 shares during the quarter. Cresset Asset Management LLC's holdings in CarMax were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cromwell Holdings LLC boosted its stake in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the period. Allworth Financial LP lifted its stake in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 valued at $82,000 after buying an additional 480 shares during the period. BankPlus Trust Department bought a new position in shares of CarMax during the fourth quarter valued at approximately $85,000. Finally, CENTRAL TRUST Co raised its holdings in shares of CarMax by 575.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,350 shares of the company's stock worth $110,000 after buying an additional 1,150 shares during the period.

Insider Transactions at CarMax

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the purchase, the director now owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This represents a 4.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company's stock.

CarMax Stock Down 0.4%

CarMax stock traded down $0.26 during mid-day trading on Thursday, reaching $63.09. 577,319 shares of the company were exchanged, compared to its average volume of 2,162,224. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25. The business has a fifty day moving average of $69.76 and a 200 day moving average of $77.64. The firm has a market cap of $9.63 billion, a P/E ratio of 21.38, a PEG ratio of 1.67 and a beta of 1.45. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Wedbush reiterated an "outperform" rating and set a $90.00 price objective on shares of CarMax in a report on Monday. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Finally, Needham & Company LLC reduced their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $87.73.

About CarMax

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.