Global Retirement Partners LLC Has $693,000 Stock Position in CarMax, Inc. (NYSE:KMX)

Global Retirement Partners LLC boosted its holdings in CarMax, Inc. (NYSE:KMXFree Report) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,024 shares of the company’s stock after buying an additional 796 shares during the quarter. Global Retirement Partners LLC’s holdings in CarMax were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ossiam boosted its stake in shares of CarMax by 134.7% in the 2nd quarter. Ossiam now owns 4,662 shares of the company’s stock valued at $390,000 after purchasing an additional 2,676 shares in the last quarter. ProVise Management Group LLC increased its holdings 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 in the last quarter. Montag A & Associates Inc. increased its holdings 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 in the last quarter. Corient Private Wealth LLC lifted its stake in shares of CarMax by 6.9% in the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock valued at $66,080,000 after acquiring an additional 60,604 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after acquiring an additional 88,488 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Diane L. Cafritz sold 2,730 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at $357,849.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now 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 three months, insiders sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Up 0.1 %

Shares of NYSE:KMX opened at $87.11 on Monday. The business’s 50-day moving average is $76.89 and its 200-day moving average is $72.10. CarMax, Inc. has a 1 year low of $58.22 and a 1 year high of $88.22. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 1.33 and a beta of 1.61. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.45 and a quick ratio of 0.71.

Wall Street Analyst Weigh In

Several equities analysts have commented on KMX shares. Mizuho started coverage on CarMax in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $80.00 target price for the company. Bank of America boosted their target price on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Evercore ISI raised 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, March 26th. Truist Financial boosted their price objective on shares of CarMax from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.42.

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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.

Further Reading

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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