HighTower Advisors LLC Raises Stock Holdings in CarMax, Inc. (NYSE:KMX)

HighTower Advisors LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 41.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,021 shares of the company’s stock after purchasing an additional 2,353 shares during the quarter. HighTower Advisors LLC’s holdings in CarMax were worth $656,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in 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 worth $34,000 after buying an additional 436 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP increased its position in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of 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 purchasing an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in CarMax in the fourth quarter worth about $58,000.

Analyst Ratings Changes

Several brokerages have recently commented on KMX. Needham & Company LLC lifted their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Mizuho lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $86.00 to $90.00 in a research note on Wednesday. Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $90.18.

Insiders Place Their Bets

In other news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,709 shares of company stock worth $7,642,379 over the last ninety days. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX opened at $75.92 on Friday. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $11.68 billion, a PE ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76. The firm has a 50-day moving average price of $80.45 and a 200 day moving average price of $79.29.

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.