Fuller & Thaler Asset Management Inc. Increases Stake in CarMax, Inc. (NYSE:KMX)

Fuller & Thaler Asset Management Inc. raised its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,372 shares of the company's stock after purchasing an additional 8,293 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.08% of CarMax worth $10,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KMX. Cromwell Holdings LLC boosted its stake in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after buying 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 worth $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of CarMax during the 4th quarter worth about $58,000. Farther Finance Advisors LLC grew its holdings in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in CarMax in the 4th quarter worth about $85,000.

Insider Buying and Selling at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mitchell D. Steenrod bought 1,300 shares of the business's stock in a transaction on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now directly owns 33,577 shares of the company's stock, valued at $2,198,957.73. The trade was 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.

CarMax Stock Down 1.0 %

KMX stock traded down $0.64 during trading on Friday, hitting $65.04. 2,155,346 shares of the company's stock traded hands, compared to its average volume of 2,091,434. The firm has a market capitalization of $9.93 billion, a P/E ratio of 22.05, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The business has a fifty day simple moving average of $74.28 and a two-hundred day simple moving average of $78.54.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Needham & Company LLC dropped their target price on CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Robert W. Baird cut their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Finally, Evercore ISI reduced their price target 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. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CarMax presently has a consensus rating of "Hold" and an average target price of $87.73.

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.