Ariel Investments LLC Has $50.75 Million Holdings in CarMax, Inc. (NYSE:KMX)

Ariel Investments LLC cut its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 620,743 shares of the company's stock after selling 88,979 shares during the quarter. Ariel Investments LLC owned about 0.40% of CarMax worth $50,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of CarMax by 348.0% during the 4th 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 during the period. Norges Bank bought a new stake in shares of CarMax in the 4th quarter valued at about $423,187,000. Geode Capital Management LLC raised its position in shares of CarMax by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after acquiring an additional 47,058 shares during the period. Finally, Invesco Ltd. boosted its stake in CarMax by 1.0% during the 4th quarter. Invesco Ltd. now owns 2,729,965 shares of the company's stock worth $223,202,000 after acquiring an additional 27,716 shares during the last quarter.

CarMax Stock Up 0.3 %

KMX stock traded up $0.18 during mid-day trading on Tuesday, reaching $66.47. The company had a trading volume of 2,310,547 shares, compared to its average volume of 2,116,980. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 52 week low of $61.67 and a 52 week high of $91.25. The stock has a 50 day simple moving average of $72.06 and a two-hundred day simple moving average of $78.19. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insider Buying and Selling

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction dated Thursday, April 24th. The stock was bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. The trade was a 4.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KMX shares. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Needham & Company LLC lowered their target price on CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, April 11th. StockNews.com lowered shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $87.73.

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.