CarMax, Inc. (NYSE:KMX) is Weitz Investment Management Inc.'s 9th Largest Position

Weitz Investment Management Inc. reduced its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 825,200 shares of the company's stock after selling 20,000 shares during the period. CarMax makes up approximately 3.5% of Weitz Investment Management Inc.'s portfolio, making the stock its 9th biggest position. Weitz Investment Management Inc. owned about 0.54% of CarMax worth $67,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. First Hawaiian Bank purchased a new position in shares of CarMax during the fourth quarter worth $273,000. Sequoia Financial Advisors LLC boosted its holdings in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after acquiring an additional 307 shares during the period. Jones Financial Companies Lllp grew its position in CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after acquiring an additional 1,396 shares in the last quarter. World Investment Advisors LLC purchased a new stake in CarMax during the third quarter worth about $6,942,000. Finally, HF Advisory Group LLC lifted its position in shares of CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after purchasing an additional 3,222 shares in the last quarter.

CarMax Stock Down 1.0 %

CarMax stock traded down $0.80 during mid-day trading on Friday, hitting $75.66. The company had a trading volume of 3,650,357 shares, compared to its average volume of 2,009,848. 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 1 year low of $65.83 and a 1 year high of $91.25. The business has a fifty day moving average of $80.26 and a 200 day moving average of $79.32. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.58.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on KMX shares. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Truist Financial increased their price objective on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of CarMax in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $90.64.

Insider Activity

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,723 shares of company stock worth $2,925,218. Corporate insiders own 1.66% of the company's stock.

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.