Crux Wealth Advisors Invests $846,000 in CarMax, Inc. (NYSE:KMX)

Crux Wealth Advisors bought a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,349 shares of the company's stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMX. Principal Financial Group Inc. grew its holdings in CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after acquiring an additional 282,519 shares during the last quarter. Norges Bank purchased a new position in CarMax during the 4th quarter valued at about $423,187,000. Geode Capital Management LLC lifted its holdings in CarMax by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after buying an additional 47,058 shares during the period. Invesco Ltd. raised its holdings in shares of CarMax by 1.0% during the fourth quarter. Invesco Ltd. now owns 2,729,965 shares of the company's stock valued at $223,202,000 after acquiring an additional 27,716 shares in the last quarter. Finally, First Pacific Advisors LP boosted its holdings in CarMax by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company's stock valued at $195,984,000 after acquiring an additional 13,487 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on KMX shares. StockNews.com lowered shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday. Evercore ISI reduced their target price 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. Wedbush cut their price objective on shares of CarMax from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday. Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. dropped their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Three 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 company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $87.73.

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CarMax Price Performance

Shares of CarMax stock traded up $0.15 during trading hours on Tuesday, hitting $67.65. The company's stock had a trading volume of 3,096,487 shares, compared to its average volume of 2,083,444. 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 12-month low of $63.23 and a 12-month high of $91.25. The business has a 50 day moving average price of $77.90 and a two-hundred day moving average price of $79.02. The company has a market cap of $10.40 billion, a PE ratio of 22.93, a PEG ratio of 1.67 and a beta of 1.58.

Insider Transactions at CarMax

In other 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,878 shares of company stock valued at $1,872,699. 1.66% of the stock is currently owned by corporate insiders.

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.