Procyon Advisors LLC Sells 1,170 Shares of CarMax, Inc. (NYSE:KMX)

Procyon Advisors LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in CarMax by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock valued at $1,706,790,000 after purchasing an additional 303,973 shares during the last quarter. BlackRock Inc. lifted its holdings in CarMax by 1.8% in the first quarter. BlackRock Inc. now owns 10,633,886 shares of the company’s stock valued at $683,546,000 after acquiring an additional 184,104 shares during the period. Akre Capital Management LLC lifted its holdings in CarMax by 0.7% in the first quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock valued at $708,159,000 after acquiring an additional 49,780 shares during the period. State Street Corp increased its position in shares of CarMax by 3.2% in the second quarter. State Street Corp now owns 6,220,212 shares of the company’s stock valued at $520,632,000 after buying an additional 193,111 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of CarMax by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock valued at $392,458,000 after buying an additional 210,440 shares in the last quarter.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction that occurred on 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 transaction, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction that occurred on 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 in the company, valued at $642,830.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The disclosure for this sale can be found here. Insiders have sold a total of 38,929 shares of company stock valued at $2,740,901 over the last quarter. Company insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Needham & Company LLC upgraded CarMax from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Wednesday, March 20th. Royal Bank of Canada upped their price target on CarMax from $80.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, December 22nd. Truist Financial upped their price target on CarMax from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, December 22nd. Bank of America upped their price target on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their price target on CarMax from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.42.

CarMax Stock Up 0.7 %

Shares of NYSE KMX traded up $0.63 during midday trading on Thursday, hitting $87.61. 333,453 shares of the company’s stock were exchanged, compared to its average volume of 1,668,538. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.45 and a quick ratio of 0.71. CarMax, Inc. has a twelve month low of $58.22 and a twelve month high of $88.22. The company has a market cap of $13.83 billion, a PE ratio of 27.74, a P/E/G ratio of 1.30 and a beta of 1.61. The firm’s fifty day simple moving average is $76.16 and its 200-day simple moving average is $72.08.

About CarMax

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.