Bard Financial Services Inc. Sells 18,410 Shares of CarMax, Inc. (NYSE:KMX)

Bard Financial Services Inc. cut its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 46.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the company's stock after selling 18,410 shares during the period. Bard Financial Services Inc.'s holdings in CarMax were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC grew its position in 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 in the last quarter. Allworth Financial LP grew its holdings in shares of 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. Ameriflex Group Inc. bought a new position in shares of CarMax in the 4th quarter valued at about $53,000. Colonial Trust Co SC increased its position in shares of CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after acquiring an additional 693 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in CarMax by 38.4% during the first quarter. Parallel Advisors LLC now owns 937 shares of the company's stock worth $73,000 after acquiring an additional 260 shares in the last quarter.

Insider Buying and Selling

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now directly owns 33,577 shares of the company's stock, valued at $2,198,957.73. This trade represents a 4.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

CarMax Stock Performance

KMX stock traded down $1.02 during midday trading on Thursday, reaching $66.81. 1,160,278 shares of the company were exchanged, compared to its average volume of 2,279,133. CarMax, Inc. has a one year low of $61.34 and a one year high of $91.25. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.38. The business has a 50-day moving average price of $66.73 and a two-hundred day moving average price of $76.38. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMX. Wall Street Zen upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Cfra Research raised CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Evercore ISI decreased their target price on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Needham & Company LLC lowered their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird dropped their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $85.82.

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.