CarMax, Inc. (NYSE:KMX) Stock Position Raised by Markel Group Inc.

Markel Group Inc. lifted its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,500 shares of the company's stock after buying an additional 26,500 shares during the period. Markel Group Inc. owned about 0.07% of CarMax worth $8,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KMX. Allworth Financial LP boosted its position in shares of CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company's stock worth $26,000 after buying an additional 207 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company's stock worth $34,000 after buying an additional 400 shares during the period. Mendota Financial Group LLC acquired a new stake in shares of CarMax in the fourth quarter worth $37,000. MCF Advisors LLC acquired a new stake in shares of CarMax in the fourth quarter worth $46,000. Finally, Lindbrook Capital LLC raised its holdings in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock worth $48,000 after acquiring an additional 155 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KMX. Royal Bank of Canada reiterated an "outperform" rating and issued a $83.00 price objective on shares of CarMax in a research note on Monday, April 8th. Bank of America lifted their target price on CarMax from $44.00 to $50.00 and gave the stock an "underperform" rating in a research report on Thursday, February 29th. Mizuho decreased their target price on CarMax from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. Evercore ISI decreased their target price on CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a research report on Friday, April 12th. Finally, Needham & Company LLC decreased their target price on CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and an average price target of $77.42.

Insider Transactions at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Diane L. Cafritz sold 15,356 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares of the company's stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. 1.66% of the stock is owned by company insiders.

CarMax Price Performance

Shares of KMX traded up $0.37 on Friday, hitting $69.59. The company's stock had a trading volume of 2,625,466 shares, compared to its average volume of 2,033,239. The company has a market capitalization of $10.95 billion, a PE ratio of 22.97, a PEG ratio of 1.16 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a 50 day moving average price of $77.98 and a 200 day moving average price of $72.10.

CarMax (NYSE:KMX - Get Free Report) last announced its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm's revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 3.3 earnings per share for the current fiscal year.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

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