Stifel Financial Corp Decreases Stock Holdings in CarMax, Inc. (NYSE:KMX)

Stifel Financial Corp lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 27.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 140,586 shares of the company’s stock after selling 53,804 shares during the quarter. Stifel Financial Corp’s holdings in CarMax were worth $11,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KMX. Lakewood Asset Management LLC boosted its position in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock valued at $1,778,000 after acquiring an additional 135 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of CarMax by 3.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after purchasing an additional 141 shares during the period. Timber Creek Capital Management LLC raised its stake in shares of CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after purchasing an additional 145 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after buying an additional 164 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its holdings in CarMax by 5.2% in the fourth quarter. Cypress Wealth Services LLC now owns 3,614 shares of the company’s stock valued at $295,000 after acquiring an additional 179 shares during the period.

CarMax Stock Performance

Shares of NYSE:KMX opened at $64.50 on Friday. The company has a market cap of $9.85 billion, a P/E ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a one year low of $63.23 and a one year high of $91.25. The business’s 50-day simple moving average is $76.62 and its 200 day simple moving average is $78.76. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada dropped their target price on CarMax from $103.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Cfra Research raised shares of CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Wedbush dropped their price objective on shares of CarMax from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Evercore ISI decreased their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, StockNews.com cut CarMax from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.73.

Insider Activity at CarMax

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

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.