CarMax, Inc. (NYSE:KMX) Stock Holdings Reduced by Makaira Partners LLC

Makaira Partners LLC trimmed its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 559,384 shares of the company's stock after selling 114,750 shares during the period. CarMax accounts for approximately 7.1% of Makaira Partners LLC's holdings, making the stock its 8th largest holding. Makaira Partners LLC owned approximately 0.36% of CarMax worth $45,735,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KMX. Sequoia Financial Advisors LLC raised its holdings in shares of CarMax by 10.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock worth $261,000 after purchasing an additional 307 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after buying an additional 1,396 shares during the period. Principal Financial Group Inc. raised its holdings in shares of CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after buying an additional 282,519 shares during the period. Greenup Street Wealth Management LLC purchased a new stake in shares of CarMax during the 4th quarter valued at about $1,910,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CarMax by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 354,380 shares of the company's stock valued at $28,974,000 after buying an additional 3,019 shares during the period.

Insider Transactions at CarMax

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by insiders.

CarMax Trading Up 2.3%

Shares of CarMax stock traded up $1.43 on Friday, reaching $64.43. 13,812,493 shares of the company were exchanged, compared to its average volume of 2,248,674. The stock has a fifty day moving average price of $68.51 and a 200-day moving average price of $77.04. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. 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 $61.34 and a fifty-two week high of $91.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Robert W. Baird reduced their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Evercore ISI cut their target price on CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $85.82.

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.