CarMax, Inc. (NYSE:KMX) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB reduced its position in shares of CarMax, Inc. (NYSE:KMX) by 39.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 63,371 shares of the company’s stock after selling 42,116 shares during the quarter. AMF Tjanstepension AB’s holdings in CarMax were worth $5,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cromwell Holdings LLC raised its position in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares in the last quarter. True Wealth Design LLC raised its position in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares in the last quarter. Allworth Financial LP raised its position in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax during the 4th quarter valued at approximately $58,000. Finally, Larson Financial Group LLC raised its position in shares of CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after acquiring an additional 353 shares in the last quarter.

Insider Activity

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company’s 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 sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This 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 worth $21,915,445 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of recent research reports. Needham & Company LLC upped their price objective on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Mizuho upped their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.91.

CarMax Trading Down 0.9 %

Shares of CarMax stock opened at $76.75 on Friday. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The business has a fifty day simple moving average of $82.74 and a 200-day simple moving average of $80.36. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

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

About CarMax

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.