Stifel Financial Corp Sells 53,804 Shares of CarMax, Inc. (NYSE:KMX)

Stifel Financial Corp lowered its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 27.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 140,586 shares of the company's stock after selling 53,804 shares during the period. Stifel Financial Corp owned 0.09% of CarMax worth $11,494,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of CarMax during the 3rd quarter worth approximately $1,587,000. Sanctuary Advisors LLC boosted its position in CarMax by 44.4% during the third quarter. Sanctuary Advisors LLC now owns 16,878 shares of the company's stock worth $1,377,000 after purchasing an additional 5,188 shares during the period. World Investment Advisors LLC acquired a new position in shares of CarMax in the third quarter valued at $6,942,000. Wilmington Savings Fund Society FSB bought a new position in shares of CarMax in the third quarter valued at about $351,000. Finally, Tidal Investments LLC lifted its stake in shares of CarMax by 141.8% during the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company's stock worth $1,007,000 after buying an additional 7,635 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMX. Cfra Research raised shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Robert W. Baird dropped their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. 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 report on Thursday, March 27th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research report on Monday. Finally, StockNews.com downgraded CarMax from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $87.73.

CarMax Price Performance

Shares of NYSE KMX traded down $0.13 during midday trading on Thursday, reaching $65.67. 2,431,930 shares of the company were exchanged, compared to its average volume of 2,099,313. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The stock has a market cap of $10.03 billion, a P/E ratio of 22.26, a PEG ratio of 1.67 and a beta of 1.58. 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 stock's 50-day moving average price is $75.23 and its 200-day moving average price is $78.53.

Insider Buying and Selling

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

CarMax Company 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.