46,831 Shares in CarMax, Inc. (NYSE:KMX) Bought by Inkwell Capital LLC

Inkwell Capital LLC acquired a new position in CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,831 shares of the company's stock, valued at approximately $3,829,000. CarMax comprises approximately 4.1% of Inkwell Capital LLC's portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its position in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after acquiring an additional 436 shares in the last quarter. Cromwell Holdings LLC lifted its stake in shares of 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 purchasing an additional 217 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the period. Larson Financial Group LLC increased its position 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 purchasing an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in CarMax during the 4th quarter valued at $58,000.

Analysts Set New Price Targets

KMX has been the topic of a number of analyst reports. Truist Financial boosted their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, December 20th. 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. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $90.64.

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Insider Buying and Selling at CarMax

In other CarMax news, EVP James Lyski sold 57,986 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company's stock, valued at approximately $1,855,024.05. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mohammad Shamim sold 12,845 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $81.94, for a total value of $1,052,519.30. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $961,811.72. This trade represents a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,709 shares of company stock valued at $7,642,379. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Up 1.0 %

Shares of NYSE KMX traded up $0.82 during midday trading on Tuesday, reaching $78.74. 4,102,473 shares of the company's stock traded hands, compared to its average volume of 1,987,947. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.67 and a beta of 1.76. The stock's 50 day simple moving average is $80.44 and its 200-day simple moving average is $79.34. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25.

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.