Wellington Management Group LLP Sells 201,147 Shares of CarMax, Inc. (NYSE:KMX)

Wellington Management Group LLP reduced its stake in CarMax, Inc. (NYSE:KMX) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,796 shares of the company’s stock after selling 201,147 shares during the quarter. Wellington Management Group LLP owned 0.40% of CarMax worth $49,693,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC boosted its position 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 during the period. Allworth Financial LP boosted its position in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of CarMax during the 4th quarter worth approximately $58,000. Farther Finance Advisors LLC raised its holdings in shares of CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of CarMax in the fourth quarter worth $85,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KMX shares. Mizuho boosted their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of CarMax in a report on Tuesday, April 1st. Finally, Evercore ISI decreased their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus price target of $90.64.

Insider Activity at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was 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 directly owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mohammad Shamim sold 12,845 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $81.94, for a total value of $1,052,519.30. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $961,811.72. The trade was a 52.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,723 shares of company stock worth $2,925,218. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of KMX opened at $75.66 on Friday. The company’s 50-day moving average is $80.26 and its 200-day moving average is $79.32. 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 firm has a market capitalization of $11.64 billion, a PE ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

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.