Elgethun Capital Management Raises Holdings in CarMax, Inc. (NYSE:KMX)

Elgethun Capital Management lifted its stake in CarMax, Inc. (NYSE:KMX) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,547 shares of the company’s stock after purchasing an additional 4,311 shares during the period. CarMax makes up 1.2% of Elgethun Capital Management’s investment portfolio, making the stock its 22nd largest holding. Elgethun Capital Management’s holdings in CarMax were worth $5,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its stake in CarMax by 1.0% in the fourth quarter. Invesco Ltd. now owns 2,729,965 shares of the company’s stock valued at $223,202,000 after purchasing an additional 27,716 shares during the last quarter. Polymer Capital Management US LLC purchased a new stake in CarMax during the 4th quarter worth $264,000. Cerity Partners LLC grew its stake in shares of CarMax by 64.2% in the fourth quarter. Cerity Partners LLC now owns 62,962 shares of the company’s stock valued at $5,103,000 after buying an additional 24,609 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in CarMax by 67.2% in the 4th quarter. Russell Investments Group Ltd. now owns 68,958 shares of the company’s stock worth $5,649,000 after acquiring an additional 27,724 shares during the period. Finally, Aviva PLC increased its stake in CarMax by 851.1% during the 4th quarter. Aviva PLC now owns 93,260 shares of the company’s stock worth $7,625,000 after buying an additional 83,454 shares during the period.

Insider Activity

In related news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were 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 directly owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,723 shares of company stock valued at $2,925,218 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMX shares. Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Evercore ISI lowered their price target 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. Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of CarMax in a research report on Tuesday, April 1st. Needham & Company LLC upped their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.64.

CarMax Stock Down 1.0 %

KMX stock opened at $75.66 on Monday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a fifty day simple moving average of $80.26 and a 200 day simple moving average of $79.33. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a market cap of $11.64 billion, a PE ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.58.

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.