CarMax, Inc. (NYSE:KMX) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 8.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,261 shares of the company’s stock after selling 719 shares during the period. Maryland State Retirement & Pension System’s holdings in CarMax were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMX. Quest Partners LLC purchased a new position in CarMax during the third quarter valued at $350,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in CarMax in the 3rd quarter valued at about $298,000. Charles Schwab Investment Management Inc. boosted its holdings in CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after buying an additional 436,342 shares during the last quarter. Raymond James Trust N.A. increased its stake in CarMax by 26.3% during the 3rd quarter. Raymond James Trust N.A. now owns 10,056 shares of the company’s stock worth $778,000 after buying an additional 2,097 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of CarMax by 2.6% during the third quarter. Citigroup Inc. now owns 149,448 shares of the company’s stock valued at $11,564,000 after acquiring an additional 3,738 shares during the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $84,873.50. This represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,709 shares of company stock worth $8,495,379 over the last quarter. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Up 3.1 %

KMX stock opened at $73.51 on Tuesday. The firm has a market cap of $11.31 billion, a PE ratio of 24.92, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm’s 50 day moving average price is $80.77 and its 200-day moving average price is $79.40.

Analyst Ratings Changes

KMX has been the topic of a number of research analyst reports. Stephens assumed coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Truist Financial boosted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, Needham & Company LLC increased their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus target price of $90.45.

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.