Hsbc Holdings PLC Decreases Stock Position in CarMax, Inc. (NYSE:KMX)

Hsbc Holdings PLC lowered its position in CarMax, Inc. (NYSE:KMX - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,040 shares of the company's stock after selling 14,603 shares during the quarter. Hsbc Holdings PLC owned 0.15% of CarMax worth $18,569,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Hawaiian Bank purchased a new position in shares of CarMax during the 4th quarter valued at approximately $273,000. Sequoia Financial Advisors LLC increased its holdings in 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 buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock worth $426,000 after acquiring an additional 1,396 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of CarMax in the 3rd quarter valued at approximately $6,942,000. Finally, HF Advisory Group LLC lifted its stake in 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 purchasing an additional 3,222 shares during the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell D. Steenrod acquired 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director now directly owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Down 1.0 %

KMX opened at $65.04 on Friday. The stock's fifty day moving average is $74.28 and its 200-day moving average is $78.49. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The company has a market capitalization of $9.93 billion, a PE ratio of 22.05, a P/E/G ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMX. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Robert W. Baird lowered their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Wedbush reiterated an "outperform" rating and issued a $90.00 price objective on shares of CarMax in a research report on Monday, April 21st. Finally, Needham & Company LLC dropped their price target on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $87.73.

CarMax 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.

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