CarMax, Inc. (NYSE:KMX) Shares Sold by Makaira Partners LLC

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

A number of other hedge funds have also recently bought and sold shares of KMX. Voya Financial Advisors Inc. lifted its holdings in CarMax by 4.0% during the 4th quarter. Voya Financial Advisors Inc. now owns 31,358 shares of the company’s stock worth $2,573,000 after buying an additional 1,213 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in CarMax by 348.0% in the fourth 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 period. Voya Investment Management LLC grew its holdings in CarMax by 10.3% during the fourth quarter. Voya Investment Management LLC now owns 79,806 shares of the company’s stock worth $6,525,000 after acquiring an additional 7,459 shares during the period. Sompo Asset Management Co. Ltd. boosted its position in shares of CarMax by 86.5% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 19,776 shares of the company’s stock valued at $1,617,000 after purchasing an additional 9,174 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in CarMax by 7.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 124,372 shares of the company’s stock worth $10,169,000 after buying an additional 8,293 shares in the last quarter.

Insider Buying and Selling

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax 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 completion of the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mitchell D. Steenrod acquired 1,300 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the purchase, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03 % increase in their position. The disclosure for this purchase can be found here. 1.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird cut their price objective on CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Needham & Company LLC dropped their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a report on Friday, April 11th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a report on Monday, April 21st. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Finally, StockNews.com cut CarMax from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.73.

CarMax Price Performance

CarMax stock opened at $65.04 on Monday. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.67 and a beta of 1.58. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock’s 50 day moving average is $74.28 and its 200-day moving average is $78.54. CarMax, Inc. has a 12 month low of $61.67 and a 12 month high of $91.25.

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.