Centerstone Investors LLC Has $1.11 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Centerstone Investors LLC lowered its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,627 shares of the company's stock after selling 7,775 shares during the quarter. CarMax comprises approximately 1.6% of Centerstone Investors LLC's investment portfolio, making the stock its 22nd biggest holding. Centerstone Investors LLC's holdings in CarMax were worth $1,114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMX. Sequoia Financial Advisors LLC raised its holdings in shares of CarMax by 10.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock worth $261,000 after acquiring an additional 307 shares during the period. Jones Financial Companies Lllp raised its stake in shares of CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after purchasing an additional 1,396 shares during the period. Merit Financial Group LLC bought a new stake in shares of CarMax in the fourth quarter valued at about $600,000. Principal Financial Group Inc. boosted its position 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 buying an additional 282,519 shares during the period. Finally, Greenup Street Wealth Management LLC bought a new position in shares of CarMax during the fourth quarter worth about $1,910,000.

CarMax Trading Down 0.2%

CarMax stock opened at $63.23 on Friday. The stock has a 50-day simple moving average of $69.59 and a 200 day simple moving average of $77.58. The stock has a market capitalization of $9.65 billion, a P/E ratio of 21.43, a PEG 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. CarMax, Inc. has a 52 week low of $61.67 and a 52 week high of $91.25.

Analyst Ratings Changes

Several research firms have commented on KMX. Wedbush restated an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research note on Monday. Robert W. Baird lowered their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CarMax currently has a consensus rating of "Hold" and an average price target of $87.73.

Insider Activity

In other news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction dated Thursday, April 24th. The shares were bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the purchase, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company's stock.

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.

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