CarMax, Inc. (NYSE:KMX) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,092 shares of the company’s stock after selling 2,276 shares during the period. EntryPoint Capital LLC’s holdings in CarMax were worth $416,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after acquiring an additional 282,519 shares during the period. State Street Corp lifted its stake in CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after buying an additional 36,959 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after buying an additional 28,466 shares during the period. Geode Capital Management LLC raised its stake in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after purchasing an additional 14,903 shares during the period. Finally, First Pacific Advisors LP lifted its holdings in shares of CarMax by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock valued at $195,984,000 after purchasing an additional 13,487 shares in the last quarter.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred 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 owns 227 shares of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,709 shares of company stock worth $8,495,379 over the last three months. 1.66% of the stock is currently owned by insiders.

CarMax Trading Up 1.0 %

Shares of NYSE:KMX opened at $74.30 on Wednesday. The company has a market cap of $11.43 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.67 and a beta of 1.76. The stock’s 50-day moving average is $80.67 and its 200-day moving average is $79.37. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMX. JPMorgan Chase & Co. increased their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Stephens started coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Finally, Evercore ISI cut their price target 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $90.45.

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.