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

LPL Financial LLC raised its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,024 shares of the company's stock after purchasing an additional 23,204 shares during the quarter. LPL Financial LLC owned about 0.13% of CarMax worth $16,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Hawaiian Bank acquired a new stake in CarMax during the 4th quarter valued at $273,000. Sequoia Financial Advisors LLC boosted its position in CarMax by 10.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after acquiring an additional 1,396 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of CarMax during the third quarter valued at about $6,942,000. Finally, HF Advisory Group LLC increased its position in shares of CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after acquiring an additional 3,222 shares during the last quarter.

CarMax Stock Performance

Shares of NYSE:KMX traded down $0.80 during trading on Friday, hitting $75.66. 3,650,357 shares of the company traded hands, compared to its average volume of 2,009,194. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The business's fifty day moving average is $80.40 and its 200-day moving average is $79.34. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25.

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Insider Activity at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,723 shares of company stock worth $2,925,218 in the last 90 days. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMX has been the subject of a number of recent analyst reports. Evercore ISI lowered their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Two investment 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. According to MarketBeat.com, CarMax presently has a consensus rating of "Hold" and an average price target of $90.64.

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.