Broad Run Investment Management LLC Decreases Holdings in CarMax, Inc. (NYSE:KMX)

Broad Run Investment Management LLC trimmed its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 23.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,597 shares of the company's stock after selling 158,331 shares during the period. CarMax accounts for 5.7% of Broad Run Investment Management LLC's portfolio, making the stock its 8th largest holding. Broad Run Investment Management LLC owned 0.33% of CarMax worth $42,073,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cromwell Holdings LLC boosted its position in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP raised its position in 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. ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter worth about $58,000. Farther Finance Advisors LLC raised its position in CarMax by 91.3% during the 4th 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 purchased a new stake in shares of CarMax in the 4th quarter worth approximately $85,000.

CarMax Price Performance

NYSE:KMX opened at $65.04 on Friday. CarMax, Inc. has a 52 week low of $61.67 and a 52 week high of $91.25. The stock's fifty day moving average is $74.28 and its two-hundred day moving average is $78.49. The company has a market capitalization of $9.93 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price target on shares of CarMax in a report on Monday, April 21st. Robert W. Baird decreased their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Finally, StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $87.73.

About CarMax

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.

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