Fiduciary Management Inc. WI Has $225.57 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Fiduciary Management Inc. WI cut its position in CarMax, Inc. (NYSE:KMX - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,758,978 shares of the company's stock after selling 176,047 shares during the quarter. CarMax accounts for 2.1% of Fiduciary Management Inc. WI's portfolio, making the stock its 10th largest position. Fiduciary Management Inc. WI owned 1.79% of CarMax worth $225,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMX. Cromwell Holdings LLC lifted its stake 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 acquiring an additional 217 shares in the last quarter. Allworth Financial LP grew its holdings in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after acquiring an additional 249 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in CarMax during the fourth quarter worth $58,000. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 480 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of CarMax in the 4th quarter worth approximately $85,000.

Analyst Ratings Changes

KMX has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price objective on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Cfra Research raised CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. StockNews.com lowered shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $87.73.

CarMax Trading Up 1.2 %

NYSE:KMX traded up $0.77 during trading hours on Wednesday, hitting $65.82. The stock had a trading volume of 2,489,063 shares, compared to its average volume of 2,095,852. The business's 50 day moving average is $75.69 and its 200-day moving average is $78.62. 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 $10.05 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25.

Insider Activity at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax 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 owns 227 shares of the company's stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.66% of the stock is owned by insiders.

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.