Sei Investments Co. Sells 17,663 Shares of CarMax, Inc. (NYSE:KMX)

Sei Investments Co. lowered its position in CarMax, Inc. (NYSE:KMX - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,296 shares of the company's stock after selling 17,663 shares during the quarter. Sei Investments Co. owned approximately 0.07% of CarMax worth $9,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cromwell Holdings LLC lifted its stake in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. True Wealth Design LLC lifted its position in 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 purchasing an additional 436 shares during the last quarter. Allworth Financial LP grew its holdings 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 purchasing an additional 249 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of CarMax in the fourth quarter worth $58,000. Finally, Farther Finance Advisors LLC boosted its position in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after buying an additional 480 shares during the period.

Insider Buying and Selling

In related news, VP Jill A. Livesay sold 13,009 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Lyski sold 57,986 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now owns 22,803 shares of the company's stock, valued at approximately $1,855,024.05. This represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock valued at $7,642,379 over the last quarter. Corporate insiders own 1.66% of the company's stock.

Remove Ads

CarMax Stock Up 1.0 %

Shares of NYSE:KMX traded up $0.82 during midday trading on Tuesday, reaching $78.74. The company's stock had a trading volume of 4,102,044 shares, compared to its average volume of 1,988,102. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a 50 day moving average of $80.44 and a 200-day moving average of $79.34. The firm has a market capitalization of $12.11 billion, a P/E ratio of 26.69, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Evercore ISI decreased their price objective 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. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. dropped their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.64.

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.