CarMax, Inc. (NYSE:KMX) Position Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,108 shares of the company's stock after selling 8,809 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of CarMax worth $16,034,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Lakewood Asset Management LLC raised its position in CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after purchasing an additional 135 shares during the period. Arete Wealth Advisors LLC lifted its stake in CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after acquiring an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock worth $383,000 after purchasing an additional 141 shares during the period. Timber Creek Capital Management LLC boosted its stake in shares of CarMax by 0.3% in the fourth 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 grew its holdings in shares of CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after purchasing an additional 164 shares in the last quarter.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Robert W. Baird dropped their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday. Royal Bank of Canada cut their target price on CarMax from $103.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday. StockNews.com cut CarMax from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $87.73.

Insider Activity at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value 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. Insiders sold a total of 22,878 shares of company stock valued at $1,872,699 over the last three months. 1.66% of the stock is owned by insiders.

CarMax Stock Up 0.3 %

CarMax stock traded up $0.22 during trading on Monday, reaching $68.58. 410,438 shares of the company's stock were exchanged, compared to its average volume of 2,069,280. CarMax, Inc. has a 52-week low of $63.23 and a 52-week high of $91.25. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.67 and a beta of 1.58. 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's 50-day moving average is $78.61 and its two-hundred day moving average is $79.17.

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.