Procyon Advisors LLC Has $1.04 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Procyon Advisors LLC trimmed its position in CarMax, Inc. (NYSE:KMX) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,572 shares of the company’s stock after selling 1,170 shares during the quarter. Procyon Advisors LLC’s holdings in CarMax were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ossiam lifted its stake in shares of CarMax by 134.7% in the second quarter. Ossiam now owns 4,662 shares of the company’s stock worth $390,000 after buying an additional 2,676 shares during the last quarter. ProVise Management Group LLC lifted its stake in shares of CarMax by 31.5% in the third quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock worth $4,152,000 after buying an additional 14,052 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of CarMax by 61.6% in the third quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock worth $3,535,000 after buying an additional 19,056 shares during the last quarter. Corient Private Wealth LLC raised its stake in CarMax by 6.9% during the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock valued at $66,080,000 after purchasing an additional 60,604 shares during the last quarter. Finally, Invesco Ltd. raised its stake in CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after purchasing an additional 88,488 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMX shares. Needham & Company LLC upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Wednesday, March 20th. JPMorgan Chase & Co. cut their target price on shares of CarMax from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Wednesday, November 29th. Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research note on Friday, February 16th. Truist Financial increased their price objective on shares of CarMax from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, December 22nd. Finally, Evercore ISI increased their price objective on shares of CarMax from $78.00 to $85.00 and gave the company an “in-line” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average price target of $80.42.

CarMax Price Performance

Shares of KMX traded up $0.63 during trading hours on Thursday, hitting $87.61. The stock had a trading volume of 333,453 shares, compared to its average volume of 1,668,538. The company’s fifty day moving average is $76.16 and its two-hundred day moving average is $72.08. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.45 and a quick ratio of 0.71. CarMax, Inc. has a 52 week low of $58.22 and a 52 week high of $88.22. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.30 and a beta of 1.61.

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The disclosure for this sale can be found here. Insiders have sold a total of 38,929 shares of company stock valued at $2,740,901 in the last 90 days. 1.66% of the stock is currently owned by insiders.

CarMax 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.