NEOS Investment Management LLC Has $497,000 Holdings in CarMax, Inc. (NYSE:KMX)

NEOS Investment Management LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,075 shares of the company’s stock after buying an additional 1,238 shares during the quarter. NEOS Investment Management LLC’s holdings in CarMax were worth $497,000 at the end of the most recent quarter.

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

Insider Transactions at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction on 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 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 quarter, insiders have sold 93,709 shares of company stock valued at $7,642,379. 1.66% of the stock is owned by insiders.

CarMax Trading Down 1.3 %

KMX stock opened at $75.92 on Monday. 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 firm has a market cap of $11.68 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The business’s 50 day moving average is $80.45 and its 200-day moving average is $79.33.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KMX. Evercore ISI dropped their target price 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. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, Needham & Company LLC upped their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.18.

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.