CarMax, Inc. (NYSE:KMX) Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC cut its stake in CarMax, Inc. (NYSE:KMX) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,678 shares of the company’s stock after selling 1,670 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in CarMax were worth $1,772,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its holdings in CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Allworth Financial LP increased its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares in the last quarter. Colonial Trust Co SC increased its position in shares of CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock valued at $59,000 after buying an additional 693 shares in the last quarter. True Wealth Design LLC increased its position in shares of CarMax by 123.8% in the fourth quarter. True Wealth Design LLC now owns 996 shares of the company’s stock valued at $81,000 after buying an additional 551 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $82,000 after buying an additional 480 shares in the last quarter.

CarMax Price Performance

KMX stock opened at $62.32 on Friday. 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 has a market capitalization of $9.51 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.67 and a beta of 1.45. The business’s 50-day moving average is $69.43 and its two-hundred day moving average is $77.50. CarMax, Inc. has a 1 year low of $61.34 and a 1 year high of $91.25.

Insider Transactions at CarMax

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KMX shares. Needham & Company LLC cut their price objective on CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada restated an “underperform” rating on shares of CarMax in a report on Monday, April 21st. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a report on Wednesday, May 7th. Cfra Research upgraded CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of CarMax in a research note on Monday, May 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.73.

About CarMax

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.