Makaira Partners LLC Has $45.74 Million Holdings in CarMax, Inc. (NYSE:KMX)

Makaira Partners LLC lowered its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559,384 shares of the company's stock after selling 114,750 shares during the quarter. CarMax comprises about 6.3% of Makaira Partners LLC's portfolio, making the stock its 9th biggest holding. Makaira Partners LLC owned 0.36% of CarMax worth $45,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in CarMax during the fourth quarter worth about $423,187,000. Kovitz Investment Group Partners LLC grew its holdings in shares of CarMax by 348.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock worth $539,213,000 after purchasing an additional 5,122,850 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CarMax in the fourth quarter valued at approximately $31,061,000. Renaissance Technologies LLC boosted its stake in CarMax by 108.6% in the fourth quarter. Renaissance Technologies LLC now owns 695,900 shares of the company's stock worth $56,897,000 after purchasing an additional 362,300 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after acquiring an additional 282,519 shares during the last quarter.

CarMax Stock Performance

NYSE KMX opened at $65.04 on Monday. The business has a 50 day simple moving average of $74.28 and a two-hundred day simple moving average of $78.54. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25. The stock has a market capitalization of $9.93 billion, a PE ratio of 22.05, a P/E/G ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI dropped their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Wedbush reiterated an "outperform" rating and issued a $90.00 price objective on shares of CarMax in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered 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. StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, Cfra Research raised CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $87.73.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, with a total value of $85,137.00. Following the acquisition, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.66% of the company's stock.

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.

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