Mitsubishi UFJ Trust & Banking Corp Sells 7,865 Shares of CarMax, Inc. (NYSE:KMX)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,824 shares of the company’s stock after selling 7,865 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in CarMax were worth $13,803,000 as of its most recent SEC filing.

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

CarMax Price Performance

Shares of NYSE KMX opened at $75.92 on Friday. 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 fifty day simple moving average of $80.45 and a two-hundred day simple moving average of $79.29. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Insider Activity

In other news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated 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 transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Lyski sold 57,986 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now owns 22,803 shares in the company, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock valued at $7,642,379 in the last 90 days. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the subject of a number of analyst reports. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. JPMorgan Chase & Co. cut their price target on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, 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 note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $90.18.

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.