CarMax, Inc. (NYSE:KMX) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC cut its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,686 shares of the company’s stock after selling 753 shares during the quarter. Townsquare Capital LLC’s holdings in CarMax were worth $2,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Hawaiian Bank purchased a new stake in shares of CarMax in the fourth quarter valued at about $273,000. Sequoia Financial Advisors LLC increased its position in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after purchasing an additional 307 shares during the period. Jones Financial Companies Lllp raised its stake in shares of CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock worth $426,000 after buying an additional 1,396 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of CarMax in the third quarter valued at approximately $6,942,000. Finally, HF Advisory Group LLC grew its holdings in CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after acquiring an additional 3,222 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMX shares. Cfra Research raised CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Robert W. Baird lowered their target price on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. StockNews.com downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Finally, Evercore ISI lowered their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $87.73.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on 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 of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Up 0.2 %

KMX opened at $67.65 on Wednesday. The business’s fifty day simple moving average is $77.90 and its 200 day simple moving average is $79.02. CarMax, Inc. has a 52 week low of $63.23 and a 52 week high of $91.25. The firm has a market cap of $10.40 billion, a P/E ratio of 22.93, a PEG ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

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.