Barr E S & Co. Sells 16,866 Shares of CarMax, Inc. (NYSE:KMX)

Barr E S & Co. decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,280 shares of the company’s stock after selling 16,866 shares during the quarter. CarMax accounts for 0.9% of Barr E S & Co.’s portfolio, making the stock its 25th largest position. Barr E S & Co. owned about 0.13% of CarMax worth $15,884,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP lifted its stake in shares of CarMax by 150.6% in the 3rd quarter. Quantinno Capital Management LP now owns 8,734 shares of the company’s stock worth $676,000 after purchasing an additional 5,249 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in CarMax by 1.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 46,373 shares of the company’s stock valued at $3,588,000 after acquiring an additional 498 shares during the period. Vestcor Inc lifted its holdings in CarMax by 54.9% in the 3rd quarter. Vestcor Inc now owns 3,332 shares of the company’s stock worth $258,000 after purchasing an additional 1,181 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after buying an additional 14,903 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in CarMax during the third quarter valued at $208,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. StockNews.com downgraded CarMax from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Needham & Company LLC reduced their target price on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.73.

Insider Transactions at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value 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 $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,878 shares of company stock valued at $1,872,699. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Up 3.1 %

Shares of CarMax stock opened at $68.53 on Friday. The company has a market cap of $10.54 billion, a P/E ratio of 23.23, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 52-week low of $63.23 and a 52-week high of $91.25. 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 firm’s 50 day moving average price is $78.61 and its 200-day moving average price is $79.16.

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.