Gotham Asset Management LLC Raises Position in CarMax, Inc. (NYSE:KMX)

Gotham Asset Management LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,907 shares of the company’s stock after purchasing an additional 951 shares during the quarter. Gotham Asset Management LLC’s holdings in CarMax were worth $9,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KMX. Franklin Resources Inc. raised its stake in shares of CarMax by 53.3% in the third quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock worth $1,999,000 after purchasing an additional 9,509 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of CarMax by 8.9% in the fourth quarter. Nordea Investment Management AB now owns 14,564 shares of the company’s stock valued at $1,198,000 after acquiring an additional 1,186 shares in the last quarter. First Hawaiian Bank bought a new position in shares of CarMax in the fourth quarter valued at approximately $273,000. ST Germain D J Co. Inc. bought a new position in shares of CarMax in the fourth quarter valued at approximately $58,000. Finally, Czech National Bank grew its holdings in shares of CarMax by 5.7% in the fourth quarter. Czech National Bank now owns 33,591 shares of the company’s stock valued at $2,746,000 after acquiring an additional 1,797 shares in the last quarter.

CarMax Trading Down 0.4%

NYSE:KMX opened at $66.29 on Monday. The company has a market cap of $10.12 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.67 and a beta of 1.45. The stock’s fifty day moving average price is $70.82 and its two-hundred day moving average price is $78.03. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insiders Place Their Bets

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the transaction, the director now owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. This represents a 4.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMX. Evercore ISI reduced their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Robert W. Baird reduced their target price on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, April 11th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Wednesday, May 7th. Cfra Research raised CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their price objective on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.73.

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.