Vanguard Group Inc. Boosts Stock Position in CarMax, Inc. (NYSE:KMX)

Vanguard Group Inc. grew its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,196,398 shares of the company's stock after buying an additional 10,424 shares during the period. Vanguard Group Inc. owned 11.83% of CarMax worth $1,487,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. True Wealth Design LLC raised its stake in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after acquiring an additional 436 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of CarMax by 104.8% in 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 raised its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in CarMax in the fourth quarter valued at approximately $58,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Finally, Truist Financial boosted 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $90.64.

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Insider Buying and Selling

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the 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 transaction, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,709 shares of company stock valued at $7,642,379. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

Shares of CarMax stock traded up $0.82 on Tuesday, reaching $78.74. The company's stock had a trading volume of 4,102,473 shares, compared to its average volume of 1,987,947. 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 company has a market capitalization of $12.11 billion, a P/E ratio of 26.69, a PEG ratio of 1.67 and a beta of 1.76. The stock has a 50-day moving average price of $80.42 and a 200-day moving average price of $79.34. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

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.