Ninety One UK Ltd Sells 2,350 Shares of CarMax, Inc. (NYSE:KMX)

Ninety One UK Ltd trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 271,477 shares of the company’s stock after selling 2,350 shares during the quarter. Ninety One UK Ltd’s holdings in CarMax were worth $22,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the 3rd quarter worth approximately $32,000. True Wealth Design LLC raised its position in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the period. ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the fourth quarter worth approximately $58,000. Larson Financial Group LLC raised 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 worth $57,000 after purchasing an additional 353 shares during the period. Finally, Concord Wealth Partners raised its position in shares of CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after purchasing an additional 844 shares during the period.

CarMax Trading Down 0.3 %

Shares of CarMax stock opened at $83.90 on Thursday. 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 $12.90 billion, a PE ratio of 28.44, a P/E/G ratio of 1.66 and a beta of 1.72. The stock has a fifty day moving average price of $83.05 and a 200-day moving average price of $79.60. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that CarMax, Inc. will post 3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of research reports. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Finally, Needham & Company LLC increased their price target on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price of $85.42.

Insider Activity

In other news, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $983,292.26. This trade represents a 46.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the 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 transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 in the last ninety days. 1.66% of the stock is currently owned by insiders.

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.