American Century Companies Inc. Has $95.58 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

American Century Companies Inc. raised its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,168,992 shares of the company's stock after purchasing an additional 235,805 shares during the quarter. American Century Companies Inc. owned 0.76% of CarMax worth $95,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of CarMax during the 3rd quarter worth about $350,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in CarMax in the 3rd quarter worth $298,000. Charles Schwab Investment Management Inc. raised its position in CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock worth $114,471,000 after acquiring an additional 436,342 shares during the period. Raymond James Trust N.A. grew its position in shares of CarMax by 26.3% in the third quarter. Raymond James Trust N.A. now owns 10,056 shares of the company's stock valued at $778,000 after purchasing an additional 2,097 shares during the period. Finally, Citigroup Inc. increased its stake in shares of CarMax by 2.6% during the third quarter. Citigroup Inc. now owns 149,448 shares of the company's stock worth $11,564,000 after purchasing an additional 3,738 shares in the last quarter.

Insider Buying and Selling at CarMax

In related news, SVP Jon G. Daniels sold 10,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,709 shares of company stock valued at $8,495,379 over the last 90 days. 1.66% of the stock is owned by corporate insiders.

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CarMax Price Performance

Shares of NYSE KMX traded up $0.76 on Tuesday, hitting $74.30. The company's stock had a trading volume of 1,967,395 shares, compared to its average volume of 1,907,686. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock has a 50 day moving average of $80.77 and a 200-day moving average of $79.40. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Analyst Ratings Changes

KMX has been the subject of several research reports. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Truist Financial increased their price objective on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Needham & Company LLC lifted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Evercore ISI reduced their target price on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $90.45.

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.