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

Wellington Management Group LLP reduced its position in CarMax, Inc. (NYSE:KMX) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 607,796 shares of the company’s stock after selling 201,147 shares during the quarter. Wellington Management Group LLP’s holdings in CarMax were worth $49,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMX. First Hawaiian Bank bought a new position in CarMax in the fourth quarter valued at approximately $273,000. Sequoia Financial Advisors LLC lifted its position in shares of CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in CarMax by 36.6% in the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after buying an additional 1,396 shares in the last quarter. World Investment Advisors LLC acquired a new stake in CarMax in the third quarter valued at about $6,942,000. Finally, HF Advisory Group LLC raised its stake in CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after acquiring an additional 3,222 shares in the last quarter.

Insider Transactions at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated 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 directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mohammad Shamim sold 12,845 shares of the company’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 sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $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. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX stock opened at $75.66 on Friday. The stock 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. The business’s 50 day simple moving average is $80.26 and its 200 day simple 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. 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 analyst reports. Needham & Company LLC raised their price target 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. Truist Financial boosted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Evercore ISI dropped their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. cut their price objective on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Finally, Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Two research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.64.

CarMax Company 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.