Jump Financial LLC Has $313,000 Position in CarMax, Inc. (NYSE:KMX)

Jump Financial LLC lessened its stake in CarMax, Inc. (NYSE:KMX) by 94.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,829 shares of the company’s stock after selling 63,712 shares during the quarter. Jump Financial LLC’s holdings in CarMax were worth $313,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CarMax in the 4th quarter valued at approximately $423,187,000. Raymond James Financial Inc. bought a new stake in CarMax in the fourth quarter worth approximately $31,061,000. Renaissance Technologies LLC increased its stake in shares of CarMax by 108.6% during the 4th quarter. Renaissance Technologies LLC now owns 695,900 shares of the company’s stock worth $56,897,000 after purchasing an additional 362,300 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after purchasing an additional 282,519 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of CarMax by 25.3% in the 4th quarter. American Century Companies Inc. now owns 1,168,992 shares of the company’s stock valued at $95,577,000 after purchasing an additional 235,805 shares during the last quarter.

Insider Buying and Selling

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. The trade was a 4.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated 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 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. 1.66% of the stock is owned by company insiders.

CarMax Trading Down 1.0 %

Shares of KMX opened at $65.04 on Friday. The stock’s 50-day moving average price is $74.28 and its 200 day moving average price is $78.49. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.67 and a beta of 1.58.

Analyst Upgrades and Downgrades

KMX has been the topic of several analyst reports. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Cfra Research raised CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of CarMax in a report on Monday, April 21st. Robert W. Baird lowered their price target on CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada restated an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.73.

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.