CarMax Inc. [KMX] stock for 1,473,836 USD was sold by Cafritz Diane L

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CarMax Inc. shares valued at $1,473,836 were sold by Cafritz Diane L on Jul 21. At $94.75 per share, Cafritz Diane L sold 15,555 shares. The insider’s holdings dropped to 4,988 shares worth approximately $0.4 million following the completion of this transaction.


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Also, Shamim Mohammad sold 3,456 shares, netting a total of over 324,553 in proceeds. Following the sale of shares at $93.91 each, the insider now holds 8,769 shares.

Before that, Cafritz Diane L had sold 18,092 shares from its account. In a trade valued at $1,647,430, the EVP, General Counsel & CHRO traded CarMax Inc. shares for $91.06 each. Upon closing the transaction, the insider’s holdings decreased to 18,092 shares, worth approximately $0.4 million.

As published in a research note from BofA Securities on September 09, 2022, CarMax Inc. [KMX] has been rated down from a Neutral to an Underperform and the price target has been revised to $100 from $146. This represents a 20.23% premium over Thursday’s closing price. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in early May. As of April 13, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for KMX. Earlier on April 06, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for KMX stock which previously was a “a Buy”.

Analyzing KMX’s Price Performance

On Thursday, CarMax Inc. [NYSE: KMX] plunged -1.59% to $79.77. The stock’s lowest price that day was $79.57, but it reached a high of $81.56 in the same session. During the last five days, there has been a drop of approximately -6.13%. Over the course of the year, CarMax Inc. shares have dropped approximately -38.75%. Shares of the company reached a 52-week high of $130.57 on 01/03/22 and a 52-week low of $79.57 on 09/22/22. A 50-day SMA is recorded $93.01, while a 200-day SMA reached $101.75. Nevertheless, trading volume fell to 1.41 million shares from 1.27 million shares the previous day.

Support And Resistance Levels for CarMax Inc. (KMX)

According to the 24-hour chart, there is a support level at 79.04, which, if violated, would cause prices to drop to 78.31. In the upper region, resistance lies at 81.03. The next price resistance is at 82.29. RSI (Relative Strength Index) is 30.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.85, which suggests the price will decrease in the coming days. Percent R is at 98.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is CarMax Inc. subject to short interest?

Stocks of CarMax Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.11 million shares to 13.41 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.3 million shares. A jump of 15.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.7 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.7.

Which companies own the most shares of CarMax Inc. (KMX)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,201,582 shares, which is about 10.81% of the total KMX shares outstanding. The investor’s shares have appreciated by 149,792 from its previous 13-F filing of 17051790.0 shares. With the completion of the buy transaction, Principal Global Investors LLC’s stake is now worth $918,822,971. Akre Capital Management LLC acquire a 0.11% interest valued at $649.87 million while BlackRock Fund Advisors sold a -295,365 stake. A total of 984,182 shares of CarMax Inc. were sold by Capital Research & Management Co during the quarter, and -189,768 were sold by Ruane, Cunniff & Goldfarb LP. In its current portfolio, PRIMECAP Management Co. holds 6,227,927 shares valued at $550.8 million.

In terms of CarMax Inc. share price expectations, FactSet research, analysts set an average price target of $103.81 in the next 12 months, up nearly 29.53% from the previous closing price of $81.06. Analysts anticipate CarMax Inc. stock to reach $124.00 by 2022, with the lowest price target being $65.00. In spite of this, 19 analysts ranked CarMax Inc. stock as an Overweight at the end of 2022. On February 16, 2022, Evercore ISI assigned a price target of “an In-line” to the stock and downgraded coverage with a $120.

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