Cerity Partners LLC Buys 24,609 Shares of CarMax, Inc. (NYSE:KMX)

Cerity Partners LLC raised its position in shares of CarMax, Inc. (NYSE:KMX) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,962 shares of the company’s stock after acquiring an additional 24,609 shares during the period. Cerity Partners LLC’s holdings in CarMax were worth $5,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Hawaiian Bank bought a new position in CarMax during the fourth quarter worth about $273,000. Sequoia Financial Advisors LLC grew its position in shares of CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock worth $426,000 after purchasing an additional 1,396 shares during the period. World Investment Advisors LLC acquired a new stake in shares of CarMax in the third quarter valued at approximately $6,942,000. Finally, HF Advisory Group LLC boosted its stake in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after buying an additional 3,222 shares during the period.

CarMax Trading Up 3.1 %

NYSE KMX opened at $68.53 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a twelve month low of $63.23 and a twelve 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 business’s fifty day moving average is $78.61 and its 200 day moving average is $79.16.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KMX shares. Truist Financial raised their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. StockNews.com downgraded CarMax from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird cut their price objective on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday. Evercore ISI decreased their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Needham & Company LLC cut their price target on shares of CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of “Hold” and an average target price of $87.73.

Insider Activity

In related 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 transaction of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,878 shares of company stock valued at $1,872,699. 1.66% of the stock is currently owned by corporate insiders.

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.