Fiduciary Management Inc. WI Cuts Holdings in CarMax, Inc. (NYSE:KMX)

Fiduciary Management Inc. WI decreased its position in CarMax, Inc. (NYSE:KMX - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,758,978 shares of the company's stock after selling 176,047 shares during the quarter. CarMax comprises approximately 2.1% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 10th biggest position. Fiduciary Management Inc. WI owned about 1.79% of CarMax worth $225,574,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KMX. Cromwell Holdings LLC raised its position 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 buying an additional 217 shares in the last quarter. Allworth Financial LP raised its holdings in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after acquiring an additional 249 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the 4th quarter valued at $58,000. Farther Finance Advisors LLC grew its holdings in shares of CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after purchasing an additional 480 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in shares of CarMax in the fourth quarter worth $85,000.

CarMax Trading Down 0.1 %

NYSE:KMX traded down $0.03 during mid-day trading on Thursday, hitting $65.77. 828,321 shares of the company's stock were exchanged, compared to its average volume of 2,536,717. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25. The company has a 50 day simple moving average of $75.23 and a 200-day simple moving average of $78.53. The firm has a market capitalization of $10.04 billion, a P/E ratio of 22.29, a PEG ratio of 1.67 and a beta of 1.58.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction that occurred 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 transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on KMX. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. StockNews.com cut shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Robert W. Baird lowered their price objective 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. Needham & Company LLC decreased their price target on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Evercore ISI reduced their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, CarMax presently has an average rating of "Hold" and a consensus price target of $87.73.

About CarMax

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.