Vanguard Group Inc. Has $1.49 Billion Stock Position in CarMax, Inc. (NYSE:KMX)

Vanguard Group Inc. boosted its holdings in CarMax, Inc. (NYSE:KMX) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 18,196,398 shares of the company’s stock after purchasing an additional 10,424 shares during the period. Vanguard Group Inc. owned approximately 0.12% of CarMax worth $1,487,738,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares in the last quarter. Cromwell Holdings LLC boosted its stake in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Allworth Financial LP grew its holdings in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares during the period. Larson Financial Group LLC increased its stake in CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the fourth quarter valued at about $58,000.

CarMax Trading Up 2.7 %

NYSE:KMX opened at $77.12 on Friday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The firm has a 50-day moving average price of $80.51 and a two-hundred day moving average price of $79.32. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Analyst Ratings Changes

Several brokerages have recently commented on KMX. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $86.00 to $90.00 in a research note on Wednesday. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Mizuho boosted their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $90.18.

Insider Activity

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,709 shares of company stock valued at $7,642,379 over the last three months. Corporate 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.