CarMax, Inc. (NYSE:KMX) Position Reduced by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its position in CarMax, Inc. (NYSE:KMX) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,368 shares of the company’s stock after selling 7,020 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of CarMax worth $7,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. True Wealth Design LLC lifted its holdings in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the period. Cromwell Holdings LLC lifted its holdings in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the 4th quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after purchasing an additional 480 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMX. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Needham & Company LLC boosted 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.18.

Insider Activity at CarMax

In related news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now owns 22,803 shares of the company’s stock, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,709 shares of company stock valued at $7,642,379. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Performance

Shares of KMX stock opened at $78.08 on Tuesday. The firm has a market cap of $12.01 billion, a P/E ratio of 26.47, a PEG ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The stock’s 50-day moving average is $80.44 and its two-hundred day moving average is $79.34.

CarMax 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.