CarMax, Inc. (NYSE:KMX) Position Reduced by Founders Capital Management LLC

Founders Capital Management LLC lowered its stake in CarMax, Inc. (NYSE:KMXFree Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,094 shares of the company’s stock after selling 18,861 shares during the period. CarMax makes up about 2.0% of Founders Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Founders Capital Management LLC owned approximately 0.08% of CarMax worth $9,830,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of CarMax by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock valued at $1,706,790,000 after acquiring an additional 303,973 shares in the last quarter. BlackRock Inc. grew its holdings in shares of CarMax by 1.8% during the 1st quarter. BlackRock Inc. now owns 10,633,886 shares of the company’s stock valued at $683,546,000 after acquiring an additional 184,104 shares in the last quarter. Akre Capital Management LLC grew its holdings in shares of CarMax by 0.7% during the 1st quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock valued at $708,159,000 after acquiring an additional 49,780 shares in the last quarter. State Street Corp grew its holdings in shares of CarMax by 3.2% during the 2nd quarter. State Street Corp now owns 6,220,212 shares of the company’s stock valued at $520,632,000 after acquiring an additional 193,111 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of CarMax by 3.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock valued at $392,458,000 after acquiring an additional 210,440 shares in the last quarter.

CarMax Stock Performance

Shares of KMX traded down $2.13 during trading hours on Tuesday, reaching $83.81. 2,114,679 shares of the company traded hands, compared to its average volume of 1,708,771. The stock’s fifty day moving average is $77.50 and its 200 day moving average is $72.12. The stock has a market cap of $13.23 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.61. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.71 and a current ratio of 2.45. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of recent research reports. Evercore ISI upped their price objective on shares of CarMax from $78.00 to $85.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Needham & Company LLC upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Wednesday, March 20th. Wedbush upped their price objective on shares of CarMax from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday. Mizuho initiated coverage on shares of CarMax in a report on Tuesday, March 19th. They issued a “neutral” rating and a $80.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of CarMax from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, December 22nd. Three investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $81.25.

Get Our Latest Analysis on KMX

Insider Activity

In related news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,929 shares of company stock valued at $2,740,901. Insiders own 1.66% of the company’s stock.

CarMax Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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