Blueshift Asset Management LLC Sells 60,269 Shares of CarMax, Inc. (NYSE:KMX)

Blueshift Asset Management LLC lessened its stake in CarMax, Inc. (NYSE:KMX) by 84.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,749 shares of the company’s stock after selling 60,269 shares during the period. Blueshift Asset Management LLC’s holdings in CarMax were worth $879,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KMX. FMR LLC grew its position in shares of CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after buying an additional 1,713,379 shares during the last quarter. Holocene Advisors LP grew its position in shares of CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after buying an additional 834,232 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after buying an additional 436,342 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of CarMax during the 4th quarter valued at about $31,061,000. Finally, Principal Financial Group Inc. boosted its position in shares of CarMax by 3.4% during the 4th 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 in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Evercore ISI cut their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Stephens assumed coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Two equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $90.45.

CarMax Stock Up 0.7 %

KMX stock opened at $70.80 on Thursday. The stock’s 50 day simple moving average is $81.22 and its 200 day simple moving average is $79.64. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a market cap of $10.89 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. On average, research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at CarMax

In other news, 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 completion of the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $983,292.26. This represents a 46.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 directly 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. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 over the last ninety days. 1.66% of the stock is currently owned by insiders.

CarMax Company 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.