CarMax, Inc. (NYSE:KMX) Shares Sold by Broad Run Investment Management LLC

Broad Run Investment Management LLC lessened its stake in CarMax, Inc. (NYSE:KMX) by 23.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 514,597 shares of the company’s stock after selling 158,331 shares during the period. CarMax makes up 5.7% of Broad Run Investment Management LLC’s portfolio, making the stock its 8th largest position. Broad Run Investment Management LLC’s holdings in CarMax were worth $42,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KMX. Voya Financial Advisors Inc. grew its holdings in CarMax by 4.0% in the fourth quarter. Voya Financial Advisors Inc. now owns 31,358 shares of the company’s stock valued at $2,573,000 after purchasing an additional 1,213 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in CarMax by 348.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company’s stock worth $539,213,000 after buying an additional 5,122,850 shares in the last quarter. Voya Investment Management LLC boosted its position in CarMax by 10.3% during the fourth quarter. Voya Investment Management LLC now owns 79,806 shares of the company’s stock worth $6,525,000 after acquiring an additional 7,459 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in CarMax by 86.5% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 19,776 shares of the company’s stock worth $1,617,000 after buying an additional 9,174 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of CarMax by 7.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 124,372 shares of the company’s stock valued at $10,169,000 after purchasing an additional 8,293 shares during the last quarter.

CarMax Stock Performance

Shares of NYSE KMX opened at $65.04 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a fifty day moving average price of $74.28 and a two-hundred day moving average price of $78.49. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The firm has a market cap of $9.93 billion, a P/E ratio of 22.05, a PEG ratio of 1.67 and a beta of 1.58.

Wall Street Analysts Forecast Growth

KMX has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Evercore ISI decreased their price target on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Cfra Research raised shares of CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, Robert W. Baird dropped their target price on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus price target of $87.73.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction dated 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 owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell D. Steenrod acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average cost of $65.49 per share, with a total value of $85,137.00. Following the completion of the acquisition, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.66% of the company’s stock.

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.