DF Dent & Co. Inc. Has $71.63 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

DF Dent & Co. Inc. lowered its position in CarMax, Inc. (NYSE:KMX - Free Report) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 876,055 shares of the company's stock after selling 162,980 shares during the quarter. DF Dent & Co. Inc. owned about 0.57% of CarMax worth $71,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. State Street Corp raised its holdings in CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company's stock worth $479,228,000 after buying an additional 36,959 shares during the period. Norges Bank purchased a new stake in CarMax during the fourth quarter valued at about $423,187,000. Janus Henderson Group PLC boosted its holdings in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock worth $359,216,000 after buying an additional 28,466 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of CarMax by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after acquiring an additional 47,058 shares in the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. dropped their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Truist Financial upped 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. Finally, Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $90.64.

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CarMax Stock Down 2.8 %

Shares of KMX stock traded down $2.12 on Monday, hitting $73.60. The company's stock had a trading volume of 2,869,093 shares, compared to its average volume of 2,014,305. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The firm's fifty day moving average price is $80.26 and its 200-day moving average price is $79.33. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insider Activity

In other news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company's 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 transaction, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,723 shares of company stock valued at $2,925,218. Insiders own 1.66% of the company's stock.

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.