Jump Financial LLC cut its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 94.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,829 shares of the company's stock after selling 63,712 shares during the period. Jump Financial LLC's holdings in CarMax were worth $313,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. First Hawaiian Bank acquired a new stake in CarMax during the 4th quarter valued at $273,000. Sequoia Financial Advisors LLC raised its position in CarMax by 10.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after buying an additional 307 shares during the period. Jones Financial Companies Lllp lifted its stake in CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock worth $426,000 after acquiring an additional 1,396 shares in the last quarter. World Investment Advisors LLC acquired a new stake in CarMax during the 3rd quarter worth about $6,942,000. Finally, HF Advisory Group LLC boosted its position in CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after acquiring an additional 3,222 shares during the period.
Insiders Place Their Bets
In other news, Director Mitchell D. Steenrod purchased 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 acquisition, the director now directly owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. The trade was a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.66% of the company's stock.
CarMax Stock Down 0.3 %
Shares of NYSE KMX traded down $0.20 during mid-day trading on Wednesday, reaching $64.66. 3,704,442 shares of the company traded hands, compared to its average volume of 2,106,073. The company's fifty 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 quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25. The stock has a market cap of $9.87 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.
Analysts Set New Price Targets
A number of analysts have recently issued reports on KMX shares. JPMorgan Chase & Co. reduced their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Needham & Company LLC cut their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research 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. Robert W. Baird cut their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, StockNews.com downgraded CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, three have issued 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, the company presently has an average rating of "Hold" and an average price target of $87.73.
Get Our Latest Stock Analysis on KMX
About CarMax
(
Free Report)
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.
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