Cooke & Bieler LP Sells 50,178 Shares of CarMax, Inc. (NYSE:KMX)

Cooke & Bieler LP reduced its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,827,313 shares of the company's stock after selling 50,178 shares during the quarter. CarMax accounts for about 1.4% of Cooke & Bieler LP's holdings, making the stock its 25th biggest holding. Cooke & Bieler LP owned approximately 1.19% of CarMax worth $149,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMX. Verdence Capital Advisors LLC lifted its position in shares of CarMax by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,285 shares of the company's stock worth $796,000 after buying an additional 514 shares during the last quarter. Assetmark Inc. raised its position in CarMax by 9,900.0% in the third quarter. Assetmark Inc. now owns 1,400 shares of the company's stock valued at $108,000 after purchasing an additional 1,386 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in CarMax by 14.9% in the third quarter. Crossmark Global Holdings Inc. now owns 8,858 shares of the company's stock valued at $685,000 after purchasing an additional 1,152 shares during the last quarter. Keystone Financial Services raised its position in CarMax by 7.8% in the third quarter. Keystone Financial Services now owns 11,891 shares of the company's stock valued at $920,000 after purchasing an additional 860 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in CarMax by 77.5% in the third quarter. Apollon Wealth Management LLC now owns 4,915 shares of the company's stock valued at $380,000 after purchasing an additional 2,146 shares during the last quarter.

Wall Street Analyst Weigh In

KMX has been the subject of several research reports. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Needham & Company LLC increased their target price on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. Finally, Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $90.91.

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CarMax Trading Down 3.6 %

NYSE KMX opened at $73.98 on Tuesday. The business has a 50 day simple moving average of $82.58 and a 200 day simple moving average of $80.29. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The stock has a market capitalization of $11.38 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.05 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

Insiders Place Their Bets

In other CarMax news, CEO William D. Nash sold 120,513 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company's stock.

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.

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