CarMax, Inc. (NYSE:KMX) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP lessened its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 478,300 shares of the company's stock after selling 52,300 shares during the period. CarMax accounts for approximately 6.4% of Kiltearn Partners LLP's holdings, making the stock its 3rd biggest position. Kiltearn Partners LLP owned 0.31% of CarMax worth $39,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMX. Lakewood Asset Management LLC increased its position in CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock worth $1,778,000 after buying an additional 135 shares during the period. Arete Wealth Advisors LLC increased its holdings in shares of CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after acquiring an additional 141 shares during the period. Wilmington Savings Fund Society FSB lifted its position 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 purchasing an additional 141 shares during the last quarter. Timber Creek Capital Management LLC lifted its position 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 purchasing an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC boosted its stake in CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after purchasing an additional 164 shares during the period.

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CarMax Price Performance

CarMax stock traded up $0.57 during mid-day trading on Tuesday, hitting $78.49. The company's stock had a trading volume of 1,150,367 shares, compared to its average volume of 1,887,938. The stock has a market capitalization of $12.07 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The stock's fifty day moving average price is $80.44 and its two-hundred day moving average price is $79.34. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI reduced their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Mizuho lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $90.64.

Insider Transactions at CarMax

In other CarMax news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the transaction, the executive vice president now directly owns 22,803 shares in the company, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock valued at $7,642,379 over the last three months. Company insiders own 1.66% of the company's stock.

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.