SG Americas Securities LLC Has $449,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

SG Americas Securities LLC reduced its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 86.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,495 shares of the company's stock after selling 35,355 shares during the quarter. SG Americas Securities LLC's holdings in CarMax were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its stake in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after purchasing an additional 36,959 shares during the period. Janus Henderson Group PLC lifted its stake in CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock valued at $359,216,000 after acquiring an additional 28,466 shares in the last quarter. Geode Capital Management LLC boosted its position in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after acquiring an additional 14,903 shares during the last quarter. FMR LLC grew its stake in shares of CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company's stock worth $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CarMax by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company's stock valued at $116,869,000 after purchasing an additional 11,865 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Evercore ISI upgraded CarMax from an "in-line" rating to an "outperform" rating and raised their price target for the company from $90.00 to $110.00 in a research note on Thursday. Royal Bank of Canada upped their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Stephens initiated coverage on shares of CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price on the stock. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $87.50.

CarMax Trading Up 3.1 %

KMX stock traded up $2.59 during trading on Thursday, hitting $86.47. The company had a trading volume of 1,650,228 shares, compared to its average volume of 1,630,668. The stock has a market cap of $13.30 billion, a PE ratio of 29.31, a PEG ratio of 1.66 and a beta of 1.72. The business has a 50-day moving average of $83.09 and a 200-day moving average of $79.65. 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 one year low of $65.83 and a one year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. Research analysts predict that CarMax, Inc. will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jon G. Daniels sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the sale, the senior vice president now directly owns 995 shares of the company's stock, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by insiders.

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.