CarMax, Inc. (NYSE:KMX) Holdings Lowered by Vulcan Value Partners LLC

Vulcan Value Partners LLC lowered its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,327,037 shares of the company's stock after selling 108,559 shares during the period. CarMax comprises 1.8% of Vulcan Value Partners LLC's portfolio, making the stock its 17th largest holding. Vulcan Value Partners LLC owned approximately 0.86% of CarMax worth $108,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KMX. Cromwell Holdings LLC boosted its position in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP grew its stake in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after buying an additional 249 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax during the 4th quarter worth $58,000. Farther Finance Advisors LLC increased its stake in CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after acquiring an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of CarMax in the 4th quarter worth about $85,000.

Insiders Place Their Bets

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction dated Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.66% of the stock is currently owned by insiders.

CarMax Stock Performance

KMX stock traded down $0.20 during mid-day trading on Wednesday, reaching $64.66. The company had a trading volume of 3,702,974 shares, compared to its average volume of 3,243,885. The stock's 50-day simple moving average is $73.41 and its two-hundred day simple moving average is $78.40. The stock has a market capitalization of $9.87 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.67 and a beta of 1.58. 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 one year low of $62.17 and a one year high of $65.70.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMX. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Evercore ISI reduced their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. StockNews.com cut shares of CarMax from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, Needham & Company LLC cut their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Four 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. Based on data from MarketBeat.com, the stock has an average 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.