Barr E S & Co. Sells 16,866 Shares of CarMax, Inc. (NYSE:KMX)

Barr E S & Co. cut its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,280 shares of the company's stock after selling 16,866 shares during the quarter. CarMax accounts for 0.9% of Barr E S & Co.'s portfolio, making the stock its 25th largest holding. Barr E S & Co. owned 0.13% of CarMax worth $15,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cromwell Holdings LLC boosted its position 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 grew its holdings 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 acquiring an additional 249 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax during the fourth quarter worth $58,000. Farther Finance Advisors LLC grew its stake in CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in CarMax in the 4th quarter worth about $85,000.

CarMax Price Performance

CarMax stock traded up $0.39 on Friday, reaching $64.50. The company's stock had a trading volume of 2,270,734 shares, compared to its average volume of 2,087,027. 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 has a market cap of $9.85 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a twelve month low of $63.23 and a twelve month high of $91.25. The business's fifty day moving average price is $77.07 and its 200 day moving average price is $78.83.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Robert W. Baird lowered their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Cfra Research raised CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Needham & Company LLC cut their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.73.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.66% of the company's stock.

CarMax Company 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.