CarMax, Inc. (NYSE:KMX) Stock Holdings Cut by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its position in CarMax, Inc. (NYSE:KMX) by 26.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,776 shares of the company’s stock after selling 2,096 shares during the quarter. Wedbush Securities Inc.’s holdings in CarMax were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP lifted its holdings in CarMax by 150.6% in the 3rd quarter. Quantinno Capital Management LP now owns 8,734 shares of the company’s stock valued at $676,000 after acquiring an additional 5,249 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in CarMax by 1.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 46,373 shares of the company’s stock valued at $3,588,000 after purchasing an additional 498 shares during the last quarter. Continuum Advisory LLC boosted its holdings in CarMax by 15.6% during the third quarter. Continuum Advisory LLC now owns 3,535 shares of the company’s stock worth $276,000 after buying an additional 476 shares in the last quarter. Vestcor Inc grew its position in CarMax by 54.9% in the third quarter. Vestcor Inc now owns 3,332 shares of the company’s stock worth $258,000 after buying an additional 1,181 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after acquiring an additional 14,903 shares during the last quarter.

CarMax Trading Down 0.7 %

CarMax stock opened at $73.27 on Wednesday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. 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 has a market cap of $11.27 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.67 and a beta of 1.58. The company’s fifty day simple moving average is $79.55 and its 200-day simple moving average is $79.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KMX shares. Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Finally, Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.64.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of CarMax 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 completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,878 shares of company stock valued at $1,872,699. Insiders own 1.66% of the company’s stock.

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.