Equitable Trust Co. Purchases 199 Shares of CarMax, Inc. (NYSE:KMX)

Equitable Trust Co. raised its stake in CarMax, Inc. (NYSE:KMX) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,461 shares of the company’s stock after purchasing an additional 199 shares during the period. Equitable Trust Co.’s holdings in CarMax were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. CENTRAL TRUST Co raised its holdings in CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings in CarMax by 194.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after purchasing an additional 289 shares in the last quarter. VitalStone Financial LLC bought a new position in shares of CarMax in the 1st quarter worth about $33,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 400 shares in the last quarter.

Insider Buying and Selling at CarMax

In other news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value 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 approximately $355,515.84. The disclosure for this sale can be found here. Insiders have sold 38,929 shares of company stock valued at $2,740,901 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMX shares. Royal Bank of Canada restated an “outperform” rating and set a $83.00 price objective on shares of CarMax in a research note on Monday. Wedbush boosted their price target on shares of CarMax from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Bank of America lifted their price objective on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. Mizuho initiated coverage on shares of CarMax in a research note on Tuesday, March 19th. They set a “neutral” rating and a $80.00 price objective for the company. Finally, Truist Financial boosted their target price 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 company. Based on data from MarketBeat, CarMax presently has an average rating of “Hold” and an average price target of $81.25.

CarMax Stock Performance

CarMax stock opened at $82.87 on Tuesday. The stock’s 50-day moving average is $78.48 and its 200-day moving average is $72.15. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.22 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. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22.

CarMax Company Profile

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.