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

Vanguard Group Inc. grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,196,398 shares of the company’s stock after acquiring an additional 10,424 shares during the period. Vanguard Group Inc. owned 11.83% of CarMax worth $1,487,738,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KMX. True Wealth Design LLC lifted its holdings in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares in the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares during the period. Larson Financial Group LLC grew its stake in shares of 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 acquiring an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in CarMax during the fourth quarter worth about $58,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KMX shares. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $86.00 to $90.00 in a report on Wednesday. Needham & Company LLC lifted 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. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Truist Financial raised their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.18.

CarMax Stock Up 2.7 %

NYSE:KMX opened at $77.12 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The firm’s 50 day simple moving average is $80.51 and its 200 day simple moving average is $79.32. The company has a market cap of $11.86 billion, a PE ratio of 26.14, a P/E/G ratio of 1.67 and a beta of 1.76.

Insider Transactions at CarMax

In related news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the transaction, the executive vice president now directly owns 22,803 shares of the company’s stock, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,709 shares of company stock worth $7,642,379. Company insiders own 1.66% of the company’s stock.

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.