Heartland Advisors Inc. Has $8.14 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Heartland Advisors Inc. lessened its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,597 shares of the company's stock after selling 22,114 shares during the period. Heartland Advisors Inc. owned approximately 0.06% of CarMax worth $8,143,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cromwell Holdings LLC lifted its holdings in CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after buying an additional 436 shares in the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after acquiring an additional 249 shares during the period. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the fourth quarter valued at about $58,000. Finally, Larson Financial Group LLC increased its position in CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company's stock worth $57,000 after acquiring an additional 353 shares during the period.

CarMax Price Performance

Shares of KMX traded up $0.82 during mid-day trading on Tuesday, reaching $78.74. The company had a trading volume of 4,058,562 shares, compared to its average volume of 1,987,934. The company's 50 day simple moving average is $80.44 and its 200 day simple moving average is $79.34. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 26.69, a P/E/G 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 debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

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Insider Buying and Selling at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the firm's 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 completion of the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Lyski sold 57,986 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock worth $7,642,379 over the last quarter. Corporate insiders own 1.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on KMX shares. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of CarMax in a research report on Tuesday. Royal Bank of Canada increased their price target 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 lifted their price objective on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, Mizuho raised their price target on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $90.64.

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.