Bank of Montreal Can Has $22.42 Million Position in CarMax, Inc. (NYSE:KMX)

Bank of Montreal Can lessened its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 274,245 shares of the company's stock after selling 37,191 shares during the period. Bank of Montreal Can owned about 0.18% of CarMax worth $22,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lakewood Asset Management LLC grew its position in CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC grew its position in shares of CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after acquiring an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock worth $383,000 after purchasing an additional 141 shares during the last quarter. Timber Creek Capital Management LLC lifted its stake in CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock worth $4,709,000 after purchasing an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its stake in CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after purchasing an additional 164 shares during the last quarter.

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Analysts Set New Price Targets

Several research analysts have recently commented on KMX shares. Royal Bank of Canada decreased their price target on shares of CarMax from $103.00 to $80.00 and set an "outperform" rating for the company in a report on Friday. Robert W. Baird cut their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday. Needham & Company LLC decreased their price objective on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a report on Friday. StockNews.com cut CarMax from a "hold" rating to a "sell" rating in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and a consensus price target of $87.73.

CarMax Stock Performance

Shares of NYSE:KMX traded up $0.15 during trading on Tuesday, hitting $67.65. 3,096,487 shares of the stock were exchanged, compared to its average volume of 2,089,613. CarMax, Inc. has a 1-year low of $63.23 and a 1-year high of $91.25. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company's fifty day simple moving average is $78.28 and its 200-day simple moving average is $79.10.

Insider Buying and Selling at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was 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 of the company's stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,878 shares of company stock valued at $1,872,699. 1.66% of the stock is currently owned by company insiders.

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.