CarMax, Inc. (NYSE:KMX) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its position in CarMax, Inc. (NYSE:KMX - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,368 shares of the company's stock after selling 7,020 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of CarMax worth $7,716,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC increased its holdings in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after acquiring an additional 436 shares during the last quarter. Cromwell Holdings LLC lifted 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 worth $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of CarMax in the 4th quarter valued at $58,000. Finally, Farther Finance Advisors LLC raised its stake in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after acquiring an additional 480 shares in the last quarter.

CarMax Price Performance

KMX stock traded up $0.72 on Friday, reaching $77.18. 2,589,364 shares of the company's stock were exchanged, compared to its average volume of 2,005,431. The stock has a fifty day moving average of $80.40 and a 200-day moving average of $79.34. The firm has a market cap of $11.87 billion, a PE ratio of 26.02, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25.

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Wall Street Analyst Weigh In

KMX has been the subject of several research reports. Truist Financial boosted their target price on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of CarMax in a report on Tuesday. Two equities 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 company. According to MarketBeat.com, CarMax has an average rating of "Hold" and a consensus price target of $90.64.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares in the company, 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. Insiders have sold a total of 35,723 shares of company stock valued at $2,925,218 in the last ninety days. 1.66% of the stock is currently owned by company 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.