Ethic Inc. Sells 3,506 Shares of CarMax, Inc. (NYSE:KMX)

Ethic Inc. trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,255 shares of the company’s stock after selling 3,506 shares during the quarter. Ethic Inc.’s holdings in CarMax were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Cromwell Holdings LLC increased its stake in CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP increased its stake in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. Colonial Trust Co SC increased its stake in CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock valued at $59,000 after purchasing an additional 693 shares in the last quarter. Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 480 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in CarMax during the 4th quarter valued at about $85,000.

CarMax Stock Performance

Shares of NYSE KMX opened at $67.61 on Thursday. The firm has a 50 day moving average of $70.27 and a 200 day moving average of $77.88. 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 firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25.

Analyst Ratings Changes

A number of research firms have weighed in on KMX. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Evercore ISI reduced their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research note on Monday, April 21st. Finally, Robert W. Baird reduced their price target on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.73.

Insider Activity at CarMax

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the transaction, the director now owns 33,577 shares of the company’s stock, valued at $2,198,957.73. This represents a 4.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by company 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.