Mount Capital Ltd Has $28.02 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Mount Capital Ltd boosted its holdings in CarMax, Inc. (NYSE:KMX) by 39.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 342,700 shares of the company’s stock after acquiring an additional 96,200 shares during the period. CarMax accounts for 9.9% of Mount Capital Ltd’s holdings, making the stock its 4th biggest position. Mount Capital Ltd owned about 0.22% of CarMax worth $28,019,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lakewood Asset Management LLC increased its stake in shares of 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 purchasing an additional 135 shares during the period. Arete Wealth Advisors LLC increased its position in CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings 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 worth $383,000 after buying an additional 141 shares in the last quarter. Timber Creek Capital Management LLC boosted its position in shares of CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock valued at $4,709,000 after acquiring an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC grew its stake in shares of CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after acquiring an additional 164 shares in the last quarter.

CarMax Trading Down 2.8 %

KMX opened at $73.63 on Tuesday. The company has a market cap of $11.32 billion, a P/E ratio of 24.96, a PEG ratio of 1.67 and a beta of 1.58. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company’s 50 day moving average is $80.04 and its 200-day moving average is $79.31. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

Insider Buying and Selling at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mohammad Shamim sold 12,845 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $961,811.72. This represents a 52.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,723 shares of company stock worth $2,925,218 over the last quarter. Corporate insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMX. Royal Bank of Canada boosted their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of CarMax in a research note on Tuesday, April 1st. Truist Financial upped their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $90.64.

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.