Fayez Sarofim & Co Takes Position in CarMax, Inc. (NYSE:KMX)

Fayez Sarofim & Co purchased a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,537 shares of the company's stock, valued at approximately $862,000.

Several other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC raised its holdings in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP increased its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the 4th quarter worth $58,000. Farther Finance Advisors LLC boosted its position in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after buying an additional 480 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in CarMax during the 4th quarter valued at about $85,000.

Insider Buying and Selling

In other CarMax 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 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. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction on Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. The trade was a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Down 1.0 %

Shares of KMX traded down $0.64 during midday trading on Friday, reaching $65.04. 2,155,346 shares of the company were exchanged, compared to its average volume of 2,093,572. 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 1-year low of $61.67 and a 1-year high of $91.25. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.67 and a beta of 1.58. The stock has a 50-day moving average price of $74.28 and a 200-day moving average price of $78.44.

Analyst Ratings Changes

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. Robert W. Baird cut their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Needham & Company LLC decreased their price objective on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research note on Monday. Finally, Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $87.73.

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.