Heartland Advisors Inc. Sells 22,114 Shares of CarMax, Inc. (NYSE:KMX)

Heartland Advisors Inc. trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,597 shares of the company’s stock after selling 22,114 shares during the quarter. Heartland Advisors Inc. owned about 0.06% of CarMax worth $8,143,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC raised its position in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Cromwell Holdings LLC raised its holdings in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares in the last quarter. Allworth Financial LP raised its holdings in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter worth $58,000.

Insider Transactions at CarMax

In related news, EVP James Lyski sold 57,986 shares of the company’s 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 sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was 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. 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 Stock Down 1.3 %

NYSE:KMX opened at $75.92 on Friday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company has a market cap of $11.68 billion, a PE ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76. The firm’s 50 day simple moving average is $80.45 and its 200 day simple moving average is $79.29.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KMX shares. JPMorgan Chase & Co. dropped their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Evercore ISI lowered their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada boosted their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, CarMax has a consensus rating of “Hold” and an average target price of $90.18.

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.