CarMax, Inc. (NYSE:KMX) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its holdings in shares of CarMax, Inc. (NYSE:KMXFree Report) by 2,138.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,119 shares of the company’s stock after purchasing an additional 1,069 shares during the quarter. Whittier Trust Co.’s holdings in CarMax were worth $86,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ossiam increased its stake in shares of CarMax by 134.7% during the second quarter. Ossiam now owns 4,662 shares of the company’s stock worth $390,000 after buying an additional 2,676 shares during the period. ProVise Management Group LLC increased its stake in shares of CarMax by 31.5% during the third quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock worth $4,152,000 after buying an additional 14,052 shares during the period. Montag A & Associates Inc. increased its stake in shares of CarMax by 61.6% during the third quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock worth $3,535,000 after buying an additional 19,056 shares during the period. Corient Private Wealth LLC increased its stake in shares of CarMax by 6.9% during the third quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock worth $66,080,000 after buying an additional 60,604 shares during the period. Finally, Invesco Ltd. increased its stake in shares of CarMax by 3.1% during the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after buying an additional 88,488 shares during the period.

CarMax Stock Performance

Shares of KMX opened at $85.75 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 0.71 and a debt-to-equity ratio of 3.01. The firm has a market cap of $13.54 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. The company’s 50 day simple moving average is $75.78 and its 200-day simple moving average is $71.97. CarMax, Inc. has a 12-month low of $57.50 and a 12-month high of $87.50.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at $355,515.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $355,515.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,929 shares of company stock worth $2,740,901. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of CarMax from $80.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Friday, February 16th. Needham & Company LLC upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Wednesday, March 20th. Evercore ISI increased their price target on shares of CarMax from $78.00 to $85.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, Truist Financial increased their price target on shares of CarMax from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.42.

Check Out Our Latest Stock Analysis on KMX

About CarMax

(Free Report)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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