GTS Securities LLC Sells 29,579 Shares of CarMax, Inc. (NYSE:KMX)

GTS Securities LLC decreased its position in CarMax, Inc. (NYSE:KMX - Free Report) by 88.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,815 shares of the company's stock after selling 29,579 shares during the quarter. GTS Securities LLC's holdings in CarMax were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after buying an additional 282,519 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of CarMax by 348.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after buying an additional 5,122,850 shares in the last quarter. Norges Bank bought a new position in CarMax in the fourth quarter valued at about $423,187,000. Janus Henderson Group PLC increased its position in CarMax by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock worth $381,978,000 after purchasing an additional 29,715 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of CarMax by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after buying an additional 47,058 shares during the period.

CarMax Price Performance

Shares of CarMax stock traded up $1.43 on Friday, reaching $64.43. The company's stock had a trading volume of 13,812,493 shares, compared to its average volume of 2,248,673. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a 50-day moving average price of $68.51 and a 200-day moving average price of $77.04. The company has a market capitalization of $9.84 billion, a P/E ratio of 21.84, a PEG ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 52-week low of $61.34 and a 52-week high of $91.25.

Insider Activity at CarMax

In related news, Director Mitchell D. Steenrod bought 1,300 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was bought 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 directly owns 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wedbush restated an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research note on Monday, May 19th. JPMorgan Chase & Co. reduced their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Wall Street Zen upgraded CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Evercore ISI reduced their price objective on CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday. Three equities 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 data from MarketBeat.com, CarMax currently has an average rating of "Hold" and a consensus price target of $85.82.

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.