Procyon Advisors LLC Trims Stock Holdings in CarMax, Inc. (NYSE:KMX)

Procyon Advisors LLC decreased its stake in CarMax, Inc. (NYSE:KMX) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,572 shares of the company’s stock after selling 1,170 shares during the quarter. Procyon Advisors LLC’s holdings in CarMax were worth $1,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CENTRAL TRUST Co grew its position in shares of CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in CarMax by 194.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after buying an additional 289 shares in the last quarter. VitalStone Financial LLC purchased a new position in CarMax during the 1st quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV grew its holdings in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 400 shares in the last quarter. Finally, Covington Capital Management purchased a new position in CarMax during the 3rd quarter valued at approximately $39,000.

Analyst Ratings Changes

Several equities analysts have weighed in on KMX shares. Bank of America raised their price target on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research note on Friday, February 16th. Needham & Company LLC raised CarMax from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Wednesday, March 20th. Evercore ISI raised their price objective on CarMax from $78.00 to $85.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, Mizuho started coverage on CarMax in a research report on Tuesday, March 19th. They set a “neutral” rating and a $80.00 target price for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $80.42.

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is owned by company insiders.

CarMax Stock Up 0.7 %

KMX stock traded up $0.63 on Thursday, hitting $87.61. 333,453 shares of the company’s stock were exchanged, compared to its average volume of 1,668,538. CarMax, Inc. has a 12-month low of $58.22 and a 12-month high of $88.22. The firm has a 50 day moving average price of $76.16 and a two-hundred day moving average price of $72.08. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.71 and a current ratio of 2.45. The stock has a market cap of $13.83 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.