CarMax, Inc. (NYSE:KMX) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 52.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,096 shares of the company's stock after selling 75,485 shares during the quarter. Wedge Capital Management L L P NC's holdings in CarMax were worth $5,486,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after acquiring an additional 36,959 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock valued at $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC boosted its stake in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after purchasing an additional 14,903 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock worth $147,230,000 after buying an additional 51,397 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its position in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company's stock valued at $133,773,000 after buying an additional 1,369,986 shares during the last quarter.

Analysts Set New Price Targets

KMX has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Friday, December 20th. Wedbush reaffirmed an "outperform" rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.17.

Insider Buying and Selling

In related news, SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the transaction, the senior vice president now owns 995 shares of the company's stock, valued at $84,873.50. This represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,598 shares of company stock valued at $21,503,625 in the last three months. 1.66% of the stock is owned by corporate insiders.

CarMax Trading Down 0.9 %

Shares of KMX traded down $0.69 during trading on Friday, reaching $78.96. 1,482,993 shares of the company traded hands, compared to its average volume of 1,894,977. The stock has a 50-day simple moving average of $82.07 and a 200-day simple moving average of $79.10. The stock has a market cap of $12.14 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. CarMax, Inc. has a twelve month low of $65.83 and a twelve month 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.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $0.52 EPS. CarMax's revenue was up 1.2% compared to the same quarter last year. On average, analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current year.

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.