Royal London Asset Management Ltd. Buys 1,862 Shares of CarMax, Inc. (NYSE:KMX)

Royal London Asset Management Ltd. increased its stake in CarMax, Inc. (NYSE:KMX) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,351 shares of the company’s stock after acquiring an additional 1,862 shares during the period. Royal London Asset Management Ltd.’s holdings in CarMax were worth $5,425,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in CarMax in the third quarter valued at approximately $350,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of CarMax in the third quarter worth $298,000. Charles Schwab Investment Management Inc. raised its holdings in CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after buying an additional 436,342 shares during the last quarter. Raymond James Trust N.A. boosted its position in CarMax by 26.3% during the 3rd quarter. Raymond James Trust N.A. now owns 10,056 shares of the company’s stock valued at $778,000 after buying an additional 2,097 shares during the period. Finally, Citigroup Inc. grew its holdings in CarMax by 2.6% in the 3rd quarter. Citigroup Inc. now owns 149,448 shares of the company’s stock worth $11,564,000 after acquiring an additional 3,738 shares during the last quarter.

Analyst Ratings Changes

KMX has been the subject of several recent analyst reports. Evercore ISI lowered their price objective 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. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Royal Bank of Canada lifted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.45.

CarMax Stock Performance

Shares of KMX stock opened at $71.29 on Monday. The company’s fifty day moving average price is $80.87 and its 200-day moving average price is $79.45. The stock has a market cap of $10.96 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25.

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

Insider Activity

In related news, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $84,873.50. This trade represents a 90.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,954 shares of company stock worth $11,046,243. Insiders own 1.66% of the company’s stock.

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.