Silver Heights Capital Management Inc Has $46.24 Million Position in CarMax, Inc. (NYSE:KMX)

Silver Heights Capital Management Inc lowered its stake in CarMax, Inc. (NYSE:KMX) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 565,597 shares of the company’s stock after selling 1,844 shares during the period. CarMax makes up 20.6% of Silver Heights Capital Management Inc’s holdings, making the stock its 3rd biggest holding. Silver Heights Capital Management Inc owned 0.37% of CarMax worth $46,243,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of CarMax in the 4th quarter valued at approximately $423,187,000. Raymond James Financial Inc. bought a new position in CarMax in the fourth quarter valued at approximately $31,061,000. Principal Financial Group Inc. raised its position in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after purchasing an additional 282,519 shares in the last quarter. American Century Companies Inc. lifted its stake in CarMax by 25.3% during the fourth quarter. American Century Companies Inc. now owns 1,168,992 shares of the company’s stock worth $95,577,000 after purchasing an additional 235,805 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of CarMax in the 4th quarter valued at $18,710,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KMX shares. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of CarMax in a report on Tuesday, April 1st. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Needham & Company LLC increased 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. Finally, Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus price target of $90.64.

Insider Buying and Selling

In other news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,723 shares of company stock worth $2,925,218. Insiders own 1.66% of the company’s stock.

CarMax Stock Down 1.0 %

Shares of NYSE:KMX opened at $75.66 on Friday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The business’s 50 day moving average is $80.26 and its 200 day moving average is $79.32. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.76.

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.