CarMax, Inc. (NYSE:KMX) Shares Purchased by Elgethun Capital Management

Elgethun Capital Management increased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,547 shares of the company's stock after acquiring an additional 4,311 shares during the quarter. CarMax comprises 1.2% of Elgethun Capital Management's investment portfolio, making the stock its 22nd biggest position. Elgethun Capital Management's holdings in CarMax were worth $5,032,000 as of its most recent SEC filing.

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

CarMax Stock Performance

NYSE KMX traded up $2.08 during trading on Friday, reaching $68.53. The company's stock had a trading volume of 5,218,424 shares, compared to its average volume of 2,083,834. CarMax, Inc. has a twelve month low of $63.23 and a twelve month high of $91.25. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.67 and a beta of 1.58. The business's fifty day moving average price is $78.61 and its 200-day moving average price is $79.16. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Insider Transactions at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The stock was 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 of the company's stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,878 shares of company stock worth $1,872,699 over the last 90 days. 1.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on KMX. Evercore ISI dropped their price target 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. Needham & Company LLC cut their price target on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday. Royal Bank of Canada decreased their price objective on CarMax from $103.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday. StockNews.com downgraded CarMax from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $87.73.

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.