CarMax, Inc. (NYSE:KMX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,922,372 shares of the company's stock after selling 83,908 shares during the period. Dimensional Fund Advisors LP owned approximately 1.25% of CarMax worth $157,180,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KMX. Cromwell Holdings LLC lifted its position in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares during the period. Allworth Financial LP lifted its holdings in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares during the period. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the 4th quarter valued at about $58,000. Farther Finance Advisors LLC grew its holdings in CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after acquiring an additional 480 shares during the period. Finally, BankPlus Trust Department purchased a new position in CarMax during the fourth quarter valued at approximately $85,000.

Insider Transactions at CarMax

In other CarMax 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 value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at $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 is available through the SEC website. Also, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now directly owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on KMX. JPMorgan Chase & Co. lowered their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Robert W. Baird cut their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Evercore ISI lowered their target price 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. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Finally, Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $87.73.

CarMax Price Performance

Shares of KMX traded down $0.64 during trading hours on Friday, hitting $65.04. 2,155,346 shares of the stock were exchanged, compared to its average volume of 2,091,434. The stock's 50-day moving average price is $74.28 and its two-hundred day moving average price is $78.54. 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 has a market cap of $9.93 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25.

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.