CarMax, Inc. (NYSE:KMX) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,480 shares of the company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in CarMax were worth $612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMX. First Hawaiian Bank purchased a new stake in CarMax in the fourth quarter valued at approximately $273,000. World Investment Advisors LLC purchased a new stake in shares of CarMax during the 3rd quarter valued at $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares during the last quarter. HF Advisory Group LLC raised its position in shares of CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after buying an additional 3,222 shares during the period. Finally, Merit Financial Group LLC acquired a new position in CarMax in the fourth quarter valued at $600,000.

CarMax Stock Performance

CarMax stock opened at $89.28 on Wednesday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. 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 has a market cap of $13.73 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The stock has a 50 day moving average of $83.47 and a 200-day moving average of $79.93.

CarMax (NYSE:KMX) last posted 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. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. On average, analysts expect that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stephens started coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Truist Financial lifted their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Needham & Company LLC increased their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Finally, Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and increased their price target for the company from $90.00 to $110.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $87.50.

Insider Activity at CarMax

In other news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. 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 three months. 1.66% of the stock is 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.