DF Dent & Co. Inc. Sells 162,980 Shares of CarMax, Inc. (NYSE:KMX)

DF Dent & Co. Inc. lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 876,055 shares of the company’s stock after selling 162,980 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.57% of CarMax worth $71,626,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KMX. Principal Financial Group Inc. grew its position in CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after acquiring an additional 282,519 shares during the last quarter. State Street Corp grew its holdings in shares of CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares during the last quarter. Norges Bank bought a new stake in shares of CarMax during the fourth quarter worth about $423,187,000. Janus Henderson Group PLC increased its stake in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after buying an additional 28,466 shares during the period. Finally, Geode Capital Management LLC raised its holdings in CarMax by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock valued at $302,564,000 after buying an additional 47,058 shares during the last quarter.

Insider Transactions at CarMax

In other news, 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 $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Shamim sold 12,845 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $961,811.72. This represents a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,723 shares of company stock valued at $2,925,218 in the last quarter. 1.66% of the stock is currently owned by company insiders.

CarMax Trading Up 4.9 %

NYSE KMX opened at $82.71 on Thursday. The stock has a market capitalization of $12.72 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.67 and a beta of 1.76. The business has a 50 day simple moving average of $80.51 and a 200 day simple moving average of $79.36. 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.

Analyst Ratings Changes

KMX has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada boosted their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC raised their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of CarMax in a report on Tuesday. Finally, StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Two investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.64.

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.