EntryPoint Capital LLC Has $416,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

EntryPoint Capital LLC trimmed its stake in shares of CarMax, Inc. (NYSE:KMX) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,092 shares of the company’s stock after selling 2,276 shares during the quarter. EntryPoint Capital LLC’s holdings in CarMax were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. LPL Financial LLC boosted its stake in CarMax by 13.1% in the 4th quarter. LPL Financial LLC now owns 200,024 shares of the company’s stock valued at $16,354,000 after buying an additional 23,204 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of CarMax during the fourth quarter valued at $702,000. KLP Kapitalforvaltning AS acquired a new stake in shares of CarMax in the 4th quarter valued at $4,771,000. American Century Companies Inc. grew its holdings in shares of CarMax by 25.3% in the 4th quarter. American Century Companies Inc. now owns 1,168,992 shares of the company’s stock worth $95,577,000 after purchasing an additional 235,805 shares during the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of CarMax during the 4th quarter worth about $1,329,000.

Insiders Place Their Bets

In other CarMax news, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,709 shares of company stock valued at $8,495,379. Company insiders own 1.66% of the company’s stock.

CarMax Stock Up 1.0 %

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

Analysts Set New Price Targets

A number of research firms have commented on KMX. Truist Financial boosted their price target 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. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their target price on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada upped their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.