CarMax, Inc. (NYSE:KMX) Stock Position Trimmed by Legal & General Group Plc

Legal & General Group Plc trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 38.0% in the fourth quarter, HoldingsChannel reports. The firm owned 676,760 shares of the company’s stock after selling 414,652 shares during the period. Legal & General Group Plc’s holdings in CarMax were worth $55,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cromwell Holdings LLC raised its holdings in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP increased its position in CarMax by 62.7% in 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 during the period. ST Germain D J Co. Inc. bought a new stake in CarMax during the 4th quarter valued at $58,000. Farther Finance Advisors LLC raised its stake in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $82,000 after acquiring an additional 480 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in CarMax during the 4th quarter worth $85,000.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction that occurred 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 transaction, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,878 shares of company stock valued at $1,872,699 over the last three months. Company insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of NYSE:KMX opened at $68.53 on Friday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a fifty day moving average of $78.61 and a 200-day moving average of $79.16. CarMax, Inc. has a one year low of $63.23 and a one year high of $91.25.

Analysts Set New Price Targets

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

CarMax 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.