CarMax, Inc. (NYSE:KMX) Stock Holdings Cut by Weitz Investment Management Inc.

Weitz Investment Management Inc. reduced its holdings in CarMax, Inc. (NYSE:KMX) by 2.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 825,200 shares of the company’s stock after selling 20,000 shares during the period. CarMax makes up 3.5% of Weitz Investment Management Inc.’s portfolio, making the stock its 9th largest holding. Weitz Investment Management Inc. owned approximately 0.54% of CarMax worth $67,468,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in CarMax by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock worth $302,564,000 after acquiring an additional 47,058 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of CarMax by 128.6% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company’s stock worth $719,000 after purchasing an additional 4,947 shares during the period. FSB Premier Wealth Management Inc. boosted its holdings in shares of CarMax by 14.8% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 16,053 shares of the company’s stock worth $1,312,000 after purchasing an additional 2,070 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of CarMax by 25.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,877 shares of the company’s stock valued at $726,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Inkwell Capital LLC purchased a new stake in CarMax during the 4th quarter valued at $3,829,000.

Analysts Set New Price Targets

KMX has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of CarMax in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Two 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.64.

CarMax Stock Performance

Shares of CarMax stock opened at $78.74 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock’s fifty day moving average price is $80.42 and its 200-day moving average price is $79.34. The firm has a market cap of $12.11 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25.

Insider Transactions at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction that occurred 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 owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. 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. Company insiders own 1.66% of the company’s stock.

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.