CarMax, Inc. (NYSE:KMX) Shares Acquired by Huntington National Bank

Huntington National Bank lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 40.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,508 shares of the company’s stock after buying an additional 728 shares during the period. Huntington National Bank’s holdings in CarMax were worth $205,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after purchasing an additional 282,519 shares during the last quarter. State Street Corp boosted its stake in CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after buying an additional 36,959 shares during the last quarter. Norges Bank purchased a new stake in CarMax in the 4th quarter valued at about $423,187,000. Geode Capital Management LLC increased its stake in shares of CarMax by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock valued at $302,564,000 after acquiring an additional 47,058 shares during the last quarter. Finally, First Pacific Advisors LP lifted its holdings in shares of CarMax by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock worth $195,984,000 after acquiring an additional 13,487 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently commented on KMX. Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Needham & Company LLC upped their price objective on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Truist Financial lifted their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of CarMax in a research note on Tuesday, April 1st. Finally, Evercore ISI cut their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.64.

Insiders Place Their Bets

In other news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction 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 directly owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,723 shares of company stock worth $2,925,218 in the last 90 days. 1.66% of the stock is owned by company insiders.

CarMax Price Performance

KMX stock opened at $75.66 on Friday. The firm has a market cap of $11.64 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a 50-day simple moving average of $80.26 and a 200-day simple moving average of $79.32.

About CarMax

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.