Asset Management Advisors LLC Trims Holdings in CarMax, Inc. (NYSE:KMX)

Asset Management Advisors LLC decreased its position in CarMax, Inc. (NYSE:KMX - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,579 shares of the company's stock after selling 6,250 shares during the quarter. CarMax makes up approximately 2.4% of Asset Management Advisors LLC's portfolio, making the stock its 13th largest position. Asset Management Advisors LLC's holdings in CarMax were worth $3,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cromwell Holdings LLC raised its stake 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 boosted its holdings in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of CarMax during the 4th quarter valued at $53,000. Colonial Trust Co SC boosted its holdings in shares of CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after buying an additional 693 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of CarMax by 38.4% during the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company's stock valued at $73,000 after buying an additional 260 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMX. Wall Street Zen upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. 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 note on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research note on Monday, May 19th. Finally, Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $85.82.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction dated Thursday, April 24th. The stock was purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company's stock.

CarMax Stock Performance

Shares of NYSE KMX traded down $0.35 during midday trading on Monday, hitting $64.11. 2,558,615 shares of the company's stock traded hands, compared to its average volume of 2,249,788. CarMax, Inc. has a 1 year low of $61.34 and a 1 year high of $91.25. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. 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 firm has a fifty day moving average of $68.51 and a 200 day moving average of $77.02.

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.