Jump Financial LLC Sells 63,712 Shares of CarMax, Inc. (NYSE:KMX)

Jump Financial LLC lowered its position in CarMax, Inc. (NYSE:KMX) by 94.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,829 shares of the company’s stock after selling 63,712 shares during the quarter. Jump Financial LLC’s holdings in CarMax were worth $313,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, the director now directly owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. This trade represents a 4.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by company insiders.

CarMax Trading Down 1.0 %

Shares of NYSE KMX opened at $65.04 on Friday. CarMax, Inc. has a twelve month low of $61.67 and a twelve month high of $91.25. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 22.05, a P/E/G 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. The company’s fifty day moving average is $74.28 and its 200-day moving average is $78.49.

Analyst Upgrades and Downgrades

KMX has been the topic of several research reports. Needham & Company LLC cut their price target on CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. StockNews.com cut shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Evercore ISI cut their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Monday, April 21st. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax has an average rating of “Hold” and an average target price of $87.73.

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.