Broad Run Investment Management LLC lessened its stake in shares of CarMax, Inc (NYSE:KMX) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,367,113 shares of the company’s stock after selling 4,120 shares during the period. CarMax accounts for approximately 7.0% of Broad Run Investment Management LLC’s holdings, making the stock its 6th biggest position. Broad Run Investment Management LLC owned 1.86% of CarMax worth $215,933,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of CarMax during the 4th quarter valued at about $121,000. Captrust Financial Advisors bought a new position in shares of CarMax during the 4th quarter valued at about $134,000. Tredje AP fonden bought a new position in shares of CarMax during the 3rd quarter valued at about $144,000. Prime Capital Investment Advisors LLC bought a new position in shares of CarMax during the 4th quarter valued at about $156,000. Finally, Virtue Capital Management LLC bought a new position in shares of CarMax during the 4th quarter valued at about $169,000.
Shares of CarMax, Inc (NYSE:KMX) opened at $62.50 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. The stock has a market cap of $11,300.00, a PE ratio of 16.76, a PEG ratio of 0.95 and a beta of 1.60. CarMax, Inc has a 1 year low of $54.29 and a 1 year high of $77.64.
In related news, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the completion of the sale, the executive vice president now directly owns 41,051 shares in the company, valued at $2,946,640.78. The disclosure for this sale can be found here. Insiders sold a total of 66,584 shares of company stock worth $4,605,664 over the last three months. 1.90% of the stock is currently owned by corporate insiders.
Several research analysts have commented on KMX shares. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, December 25th. Deutsche Bank downgraded shares of CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective for the company. in a report on Friday, November 17th. UBS Group upgraded shares of CarMax from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 18th. Northcoast Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Berenberg Bank upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday, January 8th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.68.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc (NYSE:KMX).
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.