Blair William & Co. IL Trims Stake in CarMax, Inc. (NYSE:KMX)

Blair William & Co. IL lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 532,016 shares of the company’s stock after selling 82,146 shares during the quarter. Blair William & Co. IL owned approximately 0.35% of CarMax worth $43,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of KMX. True Wealth Design LLC lifted its position in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the period. Allworth Financial LP lifted 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 buying an additional 249 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in CarMax in the 4th quarter worth approximately $58,000.

Wall Street Analyst Weigh In

KMX has been the topic of several analyst reports. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Evercore ISI dropped their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $86.00 to $90.00 in a report on Wednesday. Mizuho boosted their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada increased 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. Two 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, CarMax presently has a consensus rating of “Hold” and a consensus target price of $90.18.

CarMax Trading Up 2.7 %

KMX stock opened at $77.12 on Friday. The firm has a market cap of $11.86 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The firm has a fifty day moving average price of $80.51 and a 200 day moving average price of $79.32. 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 fifty-two week low of $65.83 and a fifty-two week high of $91.25.

Insiders Place Their Bets

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax 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 of the company’s stock, 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. Insiders sold 93,709 shares of company stock valued at $7,642,379 in the last three months. Corporate insiders own 1.66% of the company’s stock.

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.