Elgethun Capital Management Has $5.03 Million Position in CarMax, Inc. (NYSE:KMX)

Elgethun Capital Management increased its holdings in CarMax, Inc. (NYSE:KMX) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 portfolio, making the stock its 22nd biggest position. Elgethun Capital Management’s holdings in CarMax were worth $5,032,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cromwell Holdings LLC boosted its position in CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. Allworth Financial LP raised its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of CarMax in the 4th quarter worth approximately $58,000. Farther Finance Advisors LLC grew its position in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after acquiring an additional 480 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in CarMax during the 4th quarter valued at $85,000.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The shares were 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 in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,723 shares of company stock worth $2,925,218 in the last 90 days. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KMX. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Evercore ISI decreased their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Mizuho upped their target price 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. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of CarMax in a research report on Tuesday, April 1st. Finally, Truist Financial increased their price objective on 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $90.64.

CarMax Price Performance

Shares of KMX stock opened at $75.66 on Monday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The firm has a fifty day moving average of $80.26 and a 200-day moving average of $79.33. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.

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.