DF Dent & Co. Inc. Sells 162,980 Shares of CarMax, Inc. (NYSE:KMX)

DF Dent & Co. Inc. reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 876,055 shares of the company’s stock after selling 162,980 shares during the period. DF Dent & Co. Inc.’s holdings in CarMax were worth $71,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lakewood Asset Management LLC grew its holdings in CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after buying an additional 135 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock valued at $266,000 after purchasing an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock valued at $383,000 after purchasing an additional 141 shares in the last quarter. Timber Creek Capital Management LLC boosted its holdings in CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after purchasing an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC grew its position in CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares in the last quarter.

CarMax Price Performance

NYSE KMX opened at $82.71 on Thursday. 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 company has a market cap of $12.72 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The firm’s 50-day simple moving average is $80.51 and its two-hundred day simple moving average is $79.36.

Insider Activity

In other news, 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 directly owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % 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 quarter. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the topic of several recent analyst reports. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Evercore ISI dropped their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of CarMax in a research report on Tuesday. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.