Nixon Capital LLC Has $17.67 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Nixon Capital LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 56.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 225,749 shares of the company’s stock after buying an additional 81,342 shares during the quarter. CarMax accounts for 5.7% of Nixon Capital LLC’s investment portfolio, making the stock its 6th biggest holding. Nixon Capital LLC’s holdings in CarMax were worth $17,669,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of CarMax during the 4th quarter worth approximately $423,187,000. Raymond James Financial Inc. bought a new position in CarMax during the fourth quarter worth $31,061,000. Renaissance Technologies LLC boosted its position in CarMax by 108.6% during the fourth quarter. Renaissance Technologies LLC now owns 695,900 shares of the company’s stock worth $56,897,000 after purchasing an additional 362,300 shares during the period. Principal Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 282,519 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of CarMax by 25.3% in the fourth quarter. American Century Companies Inc. now owns 1,168,992 shares of the company’s stock valued at $95,577,000 after purchasing an additional 235,805 shares during the period.

Analysts Set New Price Targets

KMX has been the topic of a number of research reports. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Needham & Company LLC increased their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Evercore ISI reduced their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.64.

Insider Transactions at CarMax

In other 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 transaction of $407,150.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,723 shares of company stock valued at $2,925,218. Company insiders own 1.66% of the company’s stock.

CarMax Trading Down 2.8 %

Shares of CarMax stock opened at $73.63 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.67 and a beta of 1.58. The firm’s 50-day moving average price is $80.04 and its two-hundred day moving average price is $79.31.

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.