CarMax, Inc. (NYSE:KMX) Shares Sold by London Co. of Virginia

London Co. of Virginia cut its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 82.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,726 shares of the company's stock after selling 753,837 shares during the period. London Co. of Virginia owned approximately 0.11% of CarMax worth $13,223,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of CarMax by 53.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company's stock valued at $1,999,000 after acquiring an additional 9,509 shares during the period. Nordea Investment Management AB raised its stake in shares of CarMax by 8.9% in the 4th quarter. Nordea Investment Management AB now owns 14,564 shares of the company's stock valued at $1,198,000 after acquiring an additional 1,186 shares during the period. Czech National Bank raised its stake in shares of CarMax by 5.7% in the 4th quarter. Czech National Bank now owns 33,591 shares of the company's stock valued at $2,746,000 after acquiring an additional 1,797 shares during the period. Claro Advisors LLC purchased a new stake in shares of CarMax in the 4th quarter valued at approximately $216,000. Finally, Pallas Capital Advisors LLC raised its stake in shares of CarMax by 116.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 9,686 shares of the company's stock valued at $792,000 after acquiring an additional 5,206 shares during the period.

Insiders Place Their Bets

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, the director now directly owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

CarMax Stock Down 1.1%

NYSE KMX traded down $0.74 on Friday, hitting $67.16. 2,631,125 shares of the stock were exchanged, compared to its average volume of 2,154,573. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25. The company has a market cap of $10.25 billion, a PE ratio of 22.77, a PEG ratio of 1.67 and a beta of 1.45. The company has a 50-day moving average price of $70.04 and a 200-day moving average price of $77.85.

Analysts Set New Price Targets

KMX has been the topic of a number of research analyst reports. Evercore ISI reduced their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced 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. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.73.

CarMax 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.