Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,036 Shares of CarMax, Inc. (NYSE:KMX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 32,941 shares of the company’s stock after selling 1,036 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CarMax were worth $2,693,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Cromwell Holdings LLC grew its holdings in CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP increased its position in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares in the last quarter. Larson Financial Group LLC increased its position in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter worth about $58,000.

CarMax Stock Up 3.1 %

CarMax stock opened at $73.51 on Tuesday. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.67 and a beta of 1.76. The company’s 50 day simple moving average is $80.77 and its 200 day simple moving average is $79.40. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KMX. Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Finally, Needham & Company LLC boosted their price objective on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax has a consensus rating of “Hold” and an average price target of $90.45.

Insiders Place Their Bets

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,709 shares of company stock worth $8,495,379. Company insiders own 1.66% of the company’s stock.

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.