Bard Financial Services Inc. Sells 18,410 Shares of CarMax, Inc. (NYSE:KMX)

Bard Financial Services Inc. trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the company’s stock after selling 18,410 shares during the quarter. Bard Financial Services Inc.’s holdings in CarMax were worth $1,660,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after buying an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC grew its position in CarMax by 348.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company’s stock valued at $539,213,000 after buying an additional 5,122,850 shares during the period. Norges Bank bought a new stake in CarMax during the fourth quarter valued at approximately $423,187,000. Janus Henderson Group PLC grew its position in CarMax by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company’s stock valued at $381,978,000 after buying an additional 29,715 shares during the period. Finally, Geode Capital Management LLC grew its position in CarMax by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock valued at $302,564,000 after buying an additional 47,058 shares during the period.

CarMax Price Performance

Shares of NYSE:KMX opened at $68.42 on Wednesday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a fifty day moving average price of $66.89 and a 200 day moving average price of $76.44. CarMax, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $91.25. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.67 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMX. JPMorgan Chase & Co. cut their target price on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Needham & Company LLC dropped their price target on shares of CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada reiterated an “underperform” rating on shares of CarMax in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus price target of $85.82.

Insider Activity at CarMax

In other news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director now owns 33,577 shares in the company, valued at $2,198,957.73. The trade was a 4.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by insiders.

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.