Commerce Bank Sells 214 Shares of CarMax, Inc. (NYSE:KMX)

Commerce Bank decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,744 shares of the company’s stock after selling 214 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cromwell Holdings LLC raised its stake in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP raised its position in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the 4th quarter valued at about $58,000. Farther Finance Advisors LLC grew its stake in CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after purchasing an additional 480 shares during the period. Finally, BankPlus Trust Department bought a new stake in CarMax in the fourth quarter worth approximately $85,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KMX shares. Cfra Research upgraded CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Needham & Company LLC cut their target price on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. 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, April 11th. JPMorgan Chase & Co. cut their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of CarMax in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus target price of $87.73.

CarMax Price Performance

Shares of NYSE:KMX opened at $65.67 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a market cap of $10.03 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The stock’s fifty day simple moving average is $74.76 and its two-hundred day simple moving average is $78.49. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25.

Insider Activity at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 directly owns 227 shares of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by insiders.

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.