PARK CIRCLE Co Cuts Stake in CarMax, Inc. (NYSE:KMX)

PARK CIRCLE Co cut its holdings in CarMax, Inc. (NYSE:KMX) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 1,500 shares during the period. PARK CIRCLE Co’s holdings in CarMax were worth $123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in shares of CarMax in the fourth quarter worth about $273,000. Sequoia Financial Advisors LLC increased its stake in CarMax by 10.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after acquiring an additional 307 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of CarMax by 36.6% during 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 bought a new position in shares of CarMax during the 3rd quarter valued at approximately $6,942,000. Finally, HF Advisory Group LLC grew its holdings in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares in the last quarter.

Insider Activity at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,723 shares of company stock worth $2,925,218 in the last 90 days. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Down 1.0 %

NYSE:KMX opened at $75.66 on Friday. The stock has a fifty day simple moving average of $80.26 and a 200-day simple moving average of $79.32. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KMX shares. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of CarMax in a research note on Tuesday, April 1st. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Mizuho boosted their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Needham & Company LLC upped their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, CarMax has an average rating of “Hold” and a consensus target price of $90.64.

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.