Yousif Capital Management LLC Sells 510 Shares of CarMax, Inc. (NYSE:KMX)

Yousif Capital Management LLC cut its holdings in CarMax, Inc. (NYSE:KMX) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,370 shares of the company’s stock after selling 510 shares during the period. Yousif Capital Management LLC’s holdings in CarMax were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Timber Creek Capital Management LLC boosted its holdings in shares of CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after buying an additional 145 shares in the last quarter. Van ECK Associates Corp grew its holdings in CarMax by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 73,906 shares of the company’s stock worth $6,042,000 after purchasing an additional 191 shares during the period. Keystone Financial Services increased its stake in CarMax by 1.7% in the fourth quarter. Keystone Financial Services now owns 12,097 shares of the company’s stock valued at $989,000 after purchasing an additional 206 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the period. Finally, Allworth Financial LP boosted its position in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares in the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of research reports. Evercore ISI reduced their price objective on CarMax from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, May 28th. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research report on Monday, May 19th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.82.

CarMax Price Performance

KMX opened at $65.86 on Tuesday. CarMax, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $91.25. The firm has a 50-day moving average of $66.26 and a 200 day moving average of $75.87. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market cap of $10.06 billion, a P/E ratio of 22.32, a PEG ratio of 1.67 and a beta of 1.38.

Insider Buying and Selling at CarMax

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the business’s stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now owns 33,577 shares of the company’s stock, valued at $2,198,957.73. The trade was a 4.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.