Ninety One UK Ltd Sells 2,350 Shares of CarMax, Inc. (NYSE:KMX)

Ninety One UK Ltd decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,477 shares of the company’s stock after selling 2,350 shares during the period. Ninety One UK Ltd owned approximately 0.18% of CarMax worth $22,196,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KMX. FMR LLC increased its position in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the period. Holocene Advisors LP increased its position in shares of CarMax by 740.2% in the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after purchasing an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of CarMax by 41.8% in the third 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 during the period. World Investment Advisors LLC bought a new position in shares of CarMax in the third quarter worth $6,942,000. Finally, Neo Ivy Capital Management bought a new position in shares of CarMax in the third quarter worth $3,934,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Needham & Company LLC raised their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho raised 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. JPMorgan Chase & Co. raised their price target on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Evercore ISI raised their price target on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CarMax currently has an average rating of “Hold” and an average price target of $85.42.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 over the last ninety days. Insiders own 1.66% of the company’s stock.

CarMax Stock Performance

NYSE:KMX opened at $83.90 on Thursday. The stock has a market cap of $12.90 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.72. 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 stock’s 50-day moving average is $83.05 and its 200-day moving average is $79.60. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that CarMax, Inc. will post 3.25 earnings per share for the current year.

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.