CarMax, Inc. (NYSE:KMX) is Diamond Hill Capital Management Inc.'s 10th Largest Position

Diamond Hill Capital Management Inc. lowered its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,221,688 shares of the company's stock after selling 86,233 shares during the period. CarMax makes up 2.2% of Diamond Hill Capital Management Inc.'s investment portfolio, making the stock its 10th biggest holding. Diamond Hill Capital Management Inc. owned about 4.05% of CarMax worth $508,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KMX. Lakewood Asset Management LLC increased its stake in CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after buying an additional 135 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after buying an additional 141 shares during the last quarter. Timber Creek Capital Management LLC increased its stake in CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after buying an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its stake in CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after buying an additional 164 shares during the last quarter.

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CarMax Stock Down 2.1 %

KMX traded down $1.54 during midday trading on Tuesday, reaching $70.33. The company's stock had a trading volume of 1,711,178 shares, compared to its average volume of 1,887,015. The stock's 50-day moving average is $81.62 and its 200-day moving average is $79.81. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

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

Analyst Upgrades and Downgrades

KMX has been the subject of several research analyst reports. Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Stephens began coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. Finally, Evercore ISI reduced their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $90.45.

Insider Activity at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 over the last quarter. Company 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.