Thrivent Financial for Lutherans Grows Holdings in CarMax, Inc. (NYSE:KMX)

Thrivent Financial for Lutherans grew its position in shares of CarMax, Inc. (NYSE:KMX) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,728 shares of the company’s stock after purchasing an additional 2,315 shares during the period. Thrivent Financial for Lutherans’ holdings in CarMax were worth $714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KMX. Cromwell Holdings LLC increased its stake 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 buying an additional 217 shares during the period. Allworth Financial LP increased its position in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the fourth quarter valued at $58,000. Farther Finance Advisors LLC boosted its holdings in CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $82,000 after purchasing an additional 480 shares during the period. Finally, BankPlus Trust Department acquired a new position in CarMax during the 4th quarter worth $85,000.

CarMax Stock Performance

CarMax stock opened at $82.71 on Thursday. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock has a fifty day moving average price of $80.51 and a two-hundred day moving average price of $79.36. The firm has a market capitalization of $12.72 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.67 and a beta of 1.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMX shares. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Evercore ISI reduced their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $90.64.

Insider Buying and Selling at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,723 shares of company stock worth $2,925,218. Company insiders own 1.66% of the company’s stock.

CarMax Company 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.