Avenir Corp Trims Stake in CarMax, Inc. (NYSE:KMX)

Avenir Corp lessened its position in shares of CarMax, Inc. (NYSE:KMX) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 232,170 shares of the company’s stock after selling 2,585 shares during the quarter. CarMax comprises 1.9% of Avenir Corp’s investment portfolio, making the stock its 15th biggest holding. Avenir Corp owned about 0.15% of CarMax worth $18,982,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cromwell Holdings LLC boosted its stake in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the period. Allworth Financial LP raised its stake in CarMax by 62.7% during the 4th 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 stake in CarMax during the 4th quarter worth approximately $58,000. Farther Finance Advisors LLC lifted 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 period. Finally, BankPlus Trust Department purchased a new position in shares of CarMax in the 4th quarter valued at approximately $85,000.

CarMax Stock Performance

KMX opened at $64.14 on Thursday. The stock’s 50 day simple moving average is $77.48 and its 200 day simple moving average is $78.92. The stock has a market cap of $9.79 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 1-year low of $63.23 and a 1-year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated 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. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KMX has been the subject of several analyst reports. Needham & Company LLC cut their price target on CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Evercore ISI reduced their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. StockNews.com cut shares of CarMax from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Finally, Cfra Research raised CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $87.73.

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.