Fuller & Thaler Asset Management Inc. Buys 8,293 Shares of CarMax, Inc. (NYSE:KMX)

Fuller & Thaler Asset Management Inc. lifted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,372 shares of the company's stock after buying an additional 8,293 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.08% of CarMax worth $10,169,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP lifted its holdings in shares of CarMax by 117.6% during the 4th quarter. Dark Forest Capital Management LP now owns 7,450 shares of the company's stock valued at $609,000 after purchasing an additional 4,027 shares during the last quarter. Fayez Sarofim & Co acquired a new stake in CarMax during the fourth quarter worth about $862,000. Rings Capital Management LLC raised its position in CarMax by 5.0% during the fourth quarter. Rings Capital Management LLC now owns 501,790 shares of the company's stock valued at $41,026,000 after acquiring an additional 23,790 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in CarMax by 85.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,862 shares of the company's stock worth $970,000 after purchasing an additional 5,480 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of CarMax by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 41,475 shares of the company's stock valued at $3,391,000 after purchasing an additional 375 shares in the last quarter.

CarMax Stock Performance

Shares of NYSE KMX traded down $1.60 during midday trading on Wednesday, hitting $63.26. The company's stock had a trading volume of 972,676 shares, compared to its average volume of 2,095,680. 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's fifty day moving average price is $73.41 and its 200-day moving average price is $78.40. The firm has a market cap of $9.66 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25.

Insider Activity

In other news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction on Thursday, April 24th. The shares were purchased 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 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KMX shares. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of CarMax in a research note on Monday, April 21st. Finally, Needham & Company LLC decreased their price objective on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CarMax has a consensus 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.