CarMax (NYSE:KMX) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of CarMax (NYSE:KMX) from a hold rating to a sell rating in a research report released on Friday morning.

KMX has been the subject of a number of other research reports. Needham & Company LLC decreased their target price on CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a report on Friday. Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Robert W. Baird decreased their price target on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. decreased their target price on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and a consensus target price of $87.73.

CarMax Stock Up 3.1 %

Shares of NYSE:KMX opened at $68.53 on Friday. The stock’s 50-day moving average is $78.61 and its 200 day moving average is $79.17. The company has a market cap of $10.54 billion, a PE ratio of 23.23, a P/E/G ratio of 1.67 and a beta of 1.58. 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 has a 1 year low of $63.23 and a 1 year high of $91.25.

Insider Activity at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,878 shares of company stock valued at $1,872,699 over the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cromwell Holdings LLC raised its position in CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the period. Allworth Financial LP grew its holdings in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares during the period. Ameriflex Group Inc. purchased a new stake in CarMax in the fourth quarter worth about $53,000. ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter worth about $58,000. Finally, Colonial Trust Co SC lifted its position in shares of CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock valued at $59,000 after buying an additional 693 shares in the last quarter.

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.