CarMax Target of Unusually Large Options Trading (NYSE:KMX)

CarMax, Inc. (NYSE:KMX - Get Free Report) was the target of some unusual options trading on Friday. Investors acquired 7,378 call options on the stock. This is an increase of 133% compared to the typical volume of 3,165 call options.

Insider Buying and Selling at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CarMax

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMX. Cromwell Holdings LLC lifted its position in CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares during the period. Allworth Financial LP increased its stake in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of CarMax in the 4th quarter worth approximately $53,000. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax in the 4th quarter worth approximately $58,000. Finally, Colonial Trust Co SC increased its position in CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after buying an additional 693 shares in the last quarter.

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Wall Street Analysts Forecast Growth

KMX has been the topic of several research reports. Evercore ISI lowered their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Mizuho raised their price target on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Royal Bank of Canada dropped their price objective on CarMax from $103.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Robert W. Baird decreased their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Wedbush cut their price objective on shares of CarMax from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $87.73.

CarMax Stock Down 5.1 %

Shares of KMX stock traded down $3.47 during midday trading on Wednesday, reaching $64.26. 1,576,522 shares of the stock were exchanged, compared to its average volume of 2,081,675. The firm has a market cap of $9.81 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company's 50 day moving average is $77.90 and its two-hundred day moving average is $79.02. CarMax has a 1 year low of $63.23 and a 1 year high of $91.25.

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.