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

Blair William & Co. IL decreased its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMX. Lakewood Asset Management LLC increased its holdings in CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock worth $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after purchasing an additional 141 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of CarMax by 3.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after purchasing an additional 141 shares during the period. Timber Creek Capital Management LLC raised its position in shares of CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after purchasing an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC lifted its stake in shares of CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after buying an additional 164 shares in the last quarter.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of CarMax in a report on Tuesday. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Finally, Needham & Company LLC boosted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, CarMax currently has an average rating of "Hold" and a consensus price target of $90.64.

Insider Activity

In other CarMax news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction on 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 transaction, the executive vice president now directly owns 22,803 shares of the company's stock, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,709 shares of company stock worth $7,642,379. 1.66% of the stock is currently owned by corporate insiders.

CarMax Price Performance

KMX stock traded up $0.55 during trading on Tuesday, hitting $78.47. 1,150,367 shares of the company's stock traded hands, compared to its average volume of 1,887,938. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.67 and a beta of 1.76. The business has a fifty day simple moving average of $80.44 and a 200 day simple moving average of $79.34. 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 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.