Natixis Advisors LLC Has $9.17 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Natixis Advisors LLC lowered its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 67.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,211 shares of the company's stock after selling 233,013 shares during the period. Natixis Advisors LLC owned approximately 0.07% of CarMax worth $9,174,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cromwell Holdings LLC boosted its stake 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 purchasing an additional 217 shares during the period. True Wealth Design LLC boosted its position in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after acquiring an additional 436 shares during the period. Allworth Financial LP grew its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the fourth quarter valued at about $58,000. Finally, Larson Financial Group LLC lifted its stake in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after buying an additional 353 shares during the period.

Wall Street Analyst Weigh In

KMX has been the topic of several research reports. Mizuho boosted their price target on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Needham & Company LLC lifted their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Finally, Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, CarMax has a consensus rating of "Hold" and a consensus target price of $90.45.

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Insider Transactions at CarMax

In other CarMax news, EVP Mohammad Shamim sold 12,845 shares of the business's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company's stock, valued at $961,811.72. The trade was a 52.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,709 shares of company stock worth $8,495,379 over the last quarter. Company insiders own 1.66% of the company's stock.

CarMax Stock Performance

KMX traded up $0.76 on Tuesday, reaching $74.30. The company had a trading volume of 1,967,394 shares, compared to its average volume of 1,905,393. The stock has a market cap of $11.43 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.67 and a beta of 1.76. 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 fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company's fifty day moving average is $80.77 and its 200 day moving average is $79.40.

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.