CarMax, Inc. (NYSE:KMX) Shares Purchased by Professional Financial Advisors LLC

Professional Financial Advisors LLC raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 14.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,799 shares of the company’s stock after buying an additional 2,043 shares during the period. Professional Financial Advisors LLC’s holdings in CarMax were worth $1,212,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. VitalStone Financial LLC acquired a new stake in CarMax during the 1st quarter valued at approximately $33,000. CENTRAL TRUST Co lifted its holdings in CarMax by 100.0% during the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in CarMax by 194.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in CarMax by 111.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 530 shares of the company’s stock worth $50,000 after buying an additional 279 shares during the last quarter.

CarMax Stock Performance

KMX traded up $0.08 during trading hours on Thursday, hitting $87.06. The company’s stock had a trading volume of 620,620 shares, compared to its average volume of 1,674,407. CarMax, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $88.22. The company has a current ratio of 2.45, a quick ratio of 0.71 and a debt-to-equity ratio of 3.01. The firm has a market capitalization of $13.75 billion, a PE ratio of 27.81, a PEG ratio of 1.30 and a beta of 1.61. The company has a 50-day simple moving average of $76.16 and a 200 day simple moving average of $72.08.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMX shares. Royal Bank of Canada increased their target price on CarMax from $80.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. Needham & Company LLC raised CarMax from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, March 20th. Evercore ISI raised their price target on CarMax from $78.00 to $85.00 and gave the stock an “in-line” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on CarMax from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Wednesday, November 29th. Finally, Mizuho assumed coverage on CarMax in a report on Tuesday, March 19th. They issued a “neutral” rating and a $80.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $80.42.

Insider Activity

In other news, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by company insiders.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.