Fayez Sarofim & Co Makes New Investment in CarMax, Inc. (NYSE:KMX)

Fayez Sarofim & Co purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,537 shares of the company's stock, valued at approximately $862,000.

Other large investors have also made changes to their positions in the company. Cromwell Holdings LLC increased 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 purchasing an additional 217 shares in 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 valued at $51,000 after buying an additional 249 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax during the fourth quarter valued at $58,000. 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 valued at $82,000 after buying an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of CarMax during the fourth quarter valued at $85,000.

CarMax Price Performance

Shares of CarMax stock traded down $0.64 on Friday, reaching $65.04. The company's stock had a trading volume of 2,155,346 shares, compared to its average volume of 2,091,434. The company has a market capitalization of $9.93 billion, a P/E ratio of 22.05, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 52-week low of $61.67 and a 52-week high of $91.25. The stock has a 50-day moving average price of $74.28 and a 200-day moving average price of $78.54. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell D. Steenrod purchased 1,300 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the transaction, the director now directly owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.66% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Needham & Company LLC dropped their price objective on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Evercore ISI lowered their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Cfra Research raised shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered 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. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.