CarMax, Inc. (NYSE:KMX) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its holdings in shares of CarMax, Inc. (NYSE:KMX) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,414 shares of the company’s stock after selling 12,414 shares during the quarter. Tredje AP fonden’s holdings in CarMax were worth $1,015,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. First Hawaiian Bank purchased a new position in CarMax in the 4th quarter valued at about $273,000. Jones Financial Companies Lllp lifted its position in shares of CarMax by 36.6% in the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after acquiring an additional 1,396 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of CarMax during the third quarter worth approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its stake in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter. Finally, HF Advisory Group LLC lifted its holdings in CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on KMX. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Evercore ISI dropped their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and an average price target of $90.45.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James Lyski sold 57,986 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This represents a 71.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Up 0.9 %

CarMax stock opened at $69.89 on Friday. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The firm has a 50 day moving average price of $81.77 and a 200 day moving average price of $79.93. The company has a market capitalization of $10.75 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. 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 (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

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.