CarMax, Inc. (NYSE:KMX) Stake Increased by Huntington National Bank

Huntington National Bank raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 40.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,508 shares of the company’s stock after acquiring an additional 728 shares during the quarter. Huntington National Bank’s holdings in CarMax were worth $205,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of CarMax by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock worth $302,564,000 after purchasing an additional 47,058 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in CarMax by 128.6% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company’s stock worth $719,000 after buying an additional 4,947 shares during the last quarter. FSB Premier Wealth Management Inc. grew its position in shares of CarMax by 14.8% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 16,053 shares of the company’s stock worth $1,312,000 after acquiring an additional 2,070 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of CarMax by 25.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,877 shares of the company’s stock valued at $726,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Inkwell Capital LLC bought a new stake in shares of CarMax in the 4th quarter valued at approximately $3,829,000.

CarMax Stock Down 1.0 %

KMX opened at $75.66 on Friday. The stock’s 50 day moving average price is $80.26 and its 200 day moving average price is $79.32. 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 market cap of $11.64 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25.

Analysts Set New Price Targets

KMX has been the subject of a number of research reports. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of CarMax in a report on Tuesday, April 1st. Truist Financial lifted their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Royal Bank of Canada raised their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Finally, StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus price target of $90.64.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’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 directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,723 shares of company stock valued at $2,925,218. 1.66% of the stock is currently owned by corporate insiders.

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.