Professional Financial Advisors LLC Purchases 2,043 Shares of CarMax, Inc. (NYSE:KMX)

Professional Financial Advisors LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 14.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,799 shares of the company’s stock after buying an additional 2,043 shares during the quarter. Professional Financial Advisors LLC’s holdings in CarMax were worth $1,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMX. VitalStone Financial LLC bought a new position in CarMax in the 1st quarter worth $33,000. 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. Creative Financial Designs Inc. ADV grew its position 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 buying an additional 400 shares during the period. Ronald Blue Trust Inc. grew its position in shares of 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 buying an additional 289 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of CarMax by 111.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 530 shares of the company’s stock worth $50,000 after buying an additional 279 shares during the period.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $357,849.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,929 shares of company stock worth $2,740,901. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of CarMax from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Truist Financial upped their target price on shares of CarMax from $72.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. Evercore ISI upped their target price on shares of CarMax from $78.00 to $85.00 and gave the stock an “in-line” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 29th. Finally, Needham & Company LLC raised shares of CarMax from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus price target of $80.42.

CarMax Stock Performance

Shares of NYSE:KMX traded up $0.08 during trading on Thursday, hitting $87.06. The company’s stock had a trading volume of 620,620 shares, compared to its average volume of 1,674,407. The company has a 50-day moving average of $76.16 and a 200-day moving average of $72.08. CarMax, Inc. has a 12 month low of $58.22 and a 12 month high of $88.22. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.45 and a quick ratio of 0.71. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.30 and a beta of 1.61.

CarMax 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.