Allstate Corp Takes $379,000 Position in CarMax, Inc. (NYSE:KMX)

Allstate Corp acquired a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,638 shares of the company's stock, valued at approximately $379,000.

Several other institutional investors and hedge funds also recently modified their holdings of KMX. Lakewood Asset Management LLC lifted its position in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock worth $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after purchasing an additional 141 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock worth $383,000 after purchasing an additional 141 shares in the last quarter. Timber Creek Capital Management LLC boosted its stake in shares of CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after purchasing an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC grew its holdings in CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after purchasing an additional 164 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on KMX shares. Evercore ISI cut their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada boosted their price target on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. reduced their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $90.64.

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Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 12,845 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 11,738 shares of the company's stock, valued at $961,811.72. This represents a 52.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,723 shares of company stock worth $2,925,218. 1.66% of the stock is currently owned by insiders.

CarMax Stock Performance

CarMax stock traded down $2.09 during mid-day trading on Monday, reaching $73.63. The company's stock had a trading volume of 4,333,385 shares, compared to its average volume of 2,019,131. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The business has a 50 day moving average price of $80.04 and a 200-day moving average price of $79.31. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.67 and a beta of 1.58.

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.