Jump Financial LLC Sells 63,712 Shares of CarMax, Inc. (NYSE:KMX)

Jump Financial LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 94.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,829 shares of the company's stock after selling 63,712 shares during the quarter. Jump Financial LLC's holdings in CarMax were worth $313,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of CarMax during the 4th quarter worth about $423,187,000. Raymond James Financial Inc. purchased a new position in CarMax in the 4th quarter valued at approximately $31,061,000. Renaissance Technologies LLC grew its stake in CarMax by 108.6% in the 4th quarter. Renaissance Technologies LLC now owns 695,900 shares of the company's stock valued at $56,897,000 after buying an additional 362,300 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. Finally, American Century Companies Inc. increased its position in shares of CarMax by 25.3% during the 4th quarter. American Century Companies Inc. now owns 1,168,992 shares of the company's stock valued at $95,577,000 after purchasing an additional 235,805 shares during the last quarter.

CarMax Stock Performance

Shares of CarMax stock traded down $0.33 during trading on Tuesday, reaching $64.78. The company's stock had a trading volume of 2,785,876 shares, compared to its average volume of 2,099,680. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The business's fifty day moving average price is $73.41 and its 200-day moving average price is $78.40. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Insider Activity

In related news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the transaction, the director now directly owns 33,577 shares of the company's stock, valued at $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI lowered their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of CarMax in a report on Monday, April 21st. Finally, StockNews.com downgraded CarMax from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of "Hold" and a consensus target price 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.