Trexquant Investment LP Has $6 Million Holdings in CarMax, Inc. (NYSE:KMX)

Trexquant Investment LP decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 80.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 73,374 shares of the company’s stock after selling 307,252 shares during the period. Trexquant Investment LP’s holdings in CarMax were worth $5,999,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KMX. Cromwell Holdings LLC grew its holdings in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP grew its stake in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in CarMax in the 4th quarter worth $58,000. Farther Finance Advisors LLC raised its holdings in CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after acquiring an additional 480 shares during the period. Finally, BankPlus Trust Department acquired a new position in CarMax during the 4th quarter worth $85,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KMX shares. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Needham & Company LLC lifted their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. 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 report on Thursday, March 27th. Truist Financial boosted their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Evercore ISI decreased their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $90.64.

Insider Buying and Selling at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Mohammad Shamim sold 12,845 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $961,811.72. The trade was a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,723 shares of company stock worth $2,925,218 over the last ninety days. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Down 1.0 %

Shares of NYSE KMX opened at $75.66 on Friday. The business has a fifty day moving average of $80.26 and a two-hundred day moving average of $79.32. 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 52-week low of $65.83 and a 52-week high of $91.25. The stock has a market cap of $11.64 billion, a PE ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.76.

CarMax Company Profile

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.