CarMax, Inc. (NYSE:KMX) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 25.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,168,992 shares of the company’s stock after acquiring an additional 235,805 shares during the period. American Century Companies Inc.’s holdings in CarMax were worth $95,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMX. FMR LLC grew its stake in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Holocene Advisors LP boosted its holdings in CarMax by 740.2% in the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after purchasing an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. grew its stake in CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after purchasing an additional 436,342 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CarMax in the 4th quarter valued at about $31,061,000. Finally, Principal Financial Group Inc. raised its holdings in CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after acquiring an additional 282,519 shares in the last quarter.

CarMax Stock Up 3.1 %

KMX opened at $73.51 on Tuesday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The business has a 50 day moving average price of $80.77 and a two-hundred day moving average price of $79.40. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a market cap of $11.31 billion, a PE ratio of 24.92, a P/E/G ratio of 1.67 and a beta of 1.76.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts recently commented on KMX shares. Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Evercore ISI reduced their price target on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.