Hsbc Holdings PLC Decreases Stake in CarMax, Inc. (NYSE:KMX)

Hsbc Holdings PLC lessened its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,040 shares of the company's stock after selling 14,603 shares during the period. Hsbc Holdings PLC owned 0.15% of CarMax worth $18,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KMX. Cromwell Holdings LLC grew its position in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP grew its holdings 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. ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the fourth quarter worth $58,000. Farther Finance Advisors LLC lifted its holdings in shares of CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of CarMax in the 4th quarter worth $85,000.

CarMax Price Performance

NYSE KMX traded down $0.33 during trading hours on Tuesday, reaching $64.78. The company's stock had a trading volume of 2,785,876 shares, compared to its average volume of 2,099,680. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.67 and a beta of 1.58. The company's 50-day moving average is $73.41 and its two-hundred day moving average is $78.40. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25.

Insider Transactions at CarMax

In other news, Director Mitchell D. Steenrod acquired 1,300 shares of the stock in a transaction that occurred 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 owns 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.66% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a report on Monday, April 21st. StockNews.com cut shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, Cfra Research raised shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.