Virtu Financial LLC Sells 5,605 Shares of CarMax, Inc. (NYSE:KMX)

Virtu Financial LLC lessened its position in CarMax, Inc. (NYSE:KMX - Free Report) by 27.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,905 shares of the company's stock after selling 5,605 shares during the period. Virtu Financial LLC's holdings in CarMax were worth $1,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC grew its holdings in 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 acquiring an additional 436 shares during the period. Cromwell Holdings LLC grew 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 worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP raised its holdings in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares in the last quarter. Larson Financial Group LLC lifted its stake in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock valued at $57,000 after purchasing an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter valued at $58,000.

Insiders Place Their Bets

In related news, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction on 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 directly owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction 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 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. Insiders sold 103,709 shares of company stock valued at $8,495,379 over the last ninety days. Corporate insiders own 1.66% of the company's stock.

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CarMax Stock Up 0.7 %

KMX stock traded up $0.49 during mid-day trading on Tuesday, hitting $74.03. The stock had a trading volume of 985,711 shares, compared to its average volume of 1,905,393. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a fifty day moving average of $80.77 and a 200 day moving average of $79.40. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.67 and a beta of 1.76.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial lifted their target price on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Friday, December 20th. Needham & Company LLC boosted their price objective on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $90.45.

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.