FSB Premier Wealth Management Inc. Increases Stock Position in CarMax, Inc. (NYSE:KMX)

FSB Premier Wealth Management Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,053 shares of the company’s stock after purchasing an additional 2,070 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in CarMax were worth $1,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Cromwell Holdings LLC lifted its holdings 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 acquiring an additional 217 shares during the period. True Wealth Design LLC raised its stake in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the period. Allworth Financial LP raised its position in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares during the period. ST Germain D J Co. Inc. bought a new stake in CarMax in the fourth quarter worth about $58,000. Finally, Farther Finance Advisors LLC grew its position in shares of 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 acquiring an additional 480 shares during the period.

CarMax Trading Down 1.3 %

Shares of KMX opened at $75.92 on Monday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a market capitalization of $11.68 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm’s 50 day simple moving average is $80.45 and its 200 day simple moving average is $79.33.

Insider Buying and Selling

In other CarMax news, EVP James Lyski sold 57,986 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,709 shares of company stock worth $7,642,379. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Needham & Company LLC lifted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial upped 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $90.18.

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.