Summitry LLC Lowers Stock Position in CarMax, Inc. (NYSE:KMX)

Summitry LLC reduced its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 97.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,036 shares of the company's stock after selling 781,625 shares during the quarter. Summitry LLC's holdings in CarMax were worth $1,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC increased its position in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after purchasing an additional 436 shares in the last quarter. Cromwell Holdings LLC increased its position in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after buying an additional 217 shares during the period. Allworth Financial LP lifted its stake in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares during the last quarter. Larson Financial Group LLC boosted its holdings 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 acquiring an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new position in shares of CarMax during the fourth quarter worth approximately $58,000.

CarMax Price Performance

KMX stock traded down $1.01 during midday trading on Friday, hitting $75.92. 2,799,805 shares of the stock were exchanged, compared to its average volume of 1,976,356. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock's 50-day moving average price is $80.45 and its 200-day moving average price is $79.30.

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Insider Buying and Selling at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 93,709 shares of company stock worth $7,642,379. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KMX has been the subject of a number of recent research reports. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Truist Financial upped their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Evercore ISI reduced their target price on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Mizuho boosted their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CarMax currently has an average rating of "Hold" and a consensus target price of $90.18.

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.