CarMax, Inc. (NYSE:KMX) Shares Purchased by EVR Research LP

EVR Research LP grew its stake in CarMax, Inc. (NYSE:KMX) by 25.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 200,000 shares of the company’s stock after buying an additional 40,000 shares during the period. CarMax accounts for about 5.5% of EVR Research LP’s holdings, making the stock its 4th largest position. EVR Research LP’s holdings in CarMax were worth $16,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of CarMax during the 4th quarter worth approximately $829,000. Sterling Capital Management LLC raised its stake in shares of CarMax by 51.2% in the fourth quarter. Sterling Capital Management LLC now owns 8,728 shares of the company’s stock valued at $714,000 after purchasing an additional 2,954 shares in the last quarter. Argent Trust Co lifted its position in CarMax by 11.2% in the fourth quarter. Argent Trust Co now owns 34,200 shares of the company’s stock worth $2,796,000 after purchasing an additional 3,434 shares during the period. Raymond James Financial Inc. acquired a new stake in CarMax during the fourth quarter worth $31,061,000. Finally, APG Asset Management N.V. bought a new stake in CarMax in the 4th quarter valued at $6,790,000.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Evercore ISI cut their price target on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Robert W. Baird dropped their target price on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday. Finally, StockNews.com lowered CarMax from a “hold” rating to a “sell” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.73.

CarMax Stock Performance

Shares of NYSE:KMX opened at $68.53 on Friday. The business has a fifty day moving average of $78.61 and a 200-day moving average of $79.16. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a twelve month low of $63.23 and a twelve month high of $91.25. The firm has a market cap of $10.54 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.

Insider Buying and Selling at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the 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 transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,878 shares of company stock worth $1,872,699. 1.66% of the stock is currently owned by corporate 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.