Avantax Advisory Services Inc. Sells 4,183 Shares of CarMax, Inc. (NYSE:KMX)

Avantax Advisory Services Inc. decreased its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,937 shares of the company's stock after selling 4,183 shares during the quarter. Avantax Advisory Services Inc.'s holdings in CarMax were worth $649,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KMX. Farther Finance Advisors LLC raised its position in shares of CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the period. EverSource Wealth Advisors LLC raised its holdings in CarMax by 107.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,867 shares of the company's stock valued at $316,000 after acquiring an additional 1,999 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after acquiring an additional 307 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of CarMax by 41.5% in the fourth quarter. HighTower Advisors LLC now owns 8,021 shares of the company's stock valued at $656,000 after acquiring an additional 2,353 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of CarMax by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 55,680 shares of the company's stock worth $4,552,000 after acquiring an additional 349 shares during the period.

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Insider Activity

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Lyski sold 57,986 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company's stock, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,709 shares of company stock valued at $8,495,379 in the last ninety days. Insiders own 1.66% of the company's stock.

CarMax Trading Up 1.0 %

Shares of NYSE:KMX traded up $0.76 during trading on Tuesday, reaching $74.30. The company's stock had a trading volume of 1,967,394 shares, compared to its average volume of 1,905,393. The firm's 50 day simple moving average is $80.77 and its two-hundred day simple moving average is $79.40. 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 12 month low of $65.83 and a 12 month high of $91.25. The stock has a market capitalization of $11.43 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KMX shares. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. Evercore ISI decreased their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Stephens began coverage on CarMax in a research report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.45.

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.