CarMax, Inc. (NYSE:KMX) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 73,906 shares of the company’s stock after buying an additional 191 shares during the period. Van ECK Associates Corp’s holdings in CarMax were worth $6,042,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. State Street Corp lifted its position in shares of CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of CarMax by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after buying an additional 28,466 shares during the period. Geode Capital Management LLC increased its stake in shares of CarMax by 0.4% during 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 period. FMR LLC increased its stake in shares of CarMax by 2,883.1% during the third 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CarMax by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock worth $116,869,000 after buying an additional 11,865 shares during the period.

CarMax Stock Performance

Shares of KMX stock opened at $88.91 on Tuesday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm has a market cap of $13.67 billion, a P/E ratio of 30.14, a PEG ratio of 1.70 and a beta of 1.72. The stock’s 50-day moving average is $83.41 and its two-hundred day moving average is $79.85. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.05 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on KMX shares. Truist Financial increased their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC increased their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Mizuho increased 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 started coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average price target of $87.50.

Insiders Place Their Bets

In other news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction 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 completion of the sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of CarMax 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 directly owns 227 shares of the company’s stock, valued at $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 sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by company 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.