13,560 Shares in CarMax, Inc. (NYSE:KMX) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in CarMax, Inc. (NYSE:KMX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 13,560 shares of the company’s stock, valued at approximately $1,109,000.

A number of other institutional investors also recently bought and sold shares of KMX. Norges Bank acquired a new stake in CarMax during the 4th quarter worth $423,187,000. Raymond James Financial Inc. purchased a new position in shares of CarMax during the fourth quarter worth about $31,061,000. Principal Financial Group Inc. grew its holdings in shares of CarMax by 3.4% during the fourth 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. American Century Companies Inc. increased its position in shares of CarMax by 25.3% during the fourth quarter. American Century Companies Inc. now owns 1,168,992 shares of the company’s stock worth $95,577,000 after purchasing an additional 235,805 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of CarMax in the 4th quarter valued at about $18,710,000.

Insider Buying and Selling

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $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 available at this hyperlink. Also, EVP Mohammad Shamim sold 12,845 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total transaction of $1,052,519.30. Following the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $961,811.72. This trade represents a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,723 shares of company stock valued at $2,925,218. 1.66% of the stock is owned by insiders.

CarMax Price Performance

KMX stock opened at $75.66 on Friday. The firm has a 50 day moving average of $80.26 and a 200-day moving average of $79.32. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.67 and a beta of 1.76. The company has a current ratio of 2.30, a quick ratio of 0.55 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.

Wall Street Analysts Forecast Growth

KMX has been the topic of several research analyst reports. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Needham & Company LLC upped their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Evercore ISI decreased their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Finally, Truist Financial increased 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.64.

CarMax 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.