AMF Tjanstepension AB Lowers Stock Position in CarMax, Inc. (NYSE:KMX)

AMF Tjanstepension AB cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 39.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,371 shares of the company’s stock after selling 42,116 shares during the period. AMF Tjanstepension AB’s holdings in CarMax were worth $5,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Inceptionr LLC grew its position in shares of CarMax by 20.4% during the fourth quarter. Inceptionr LLC now owns 5,595 shares of the company’s stock worth $457,000 after acquiring an additional 949 shares during the last quarter. Raymond James Financial Inc. purchased a new position in CarMax in the 4th quarter valued at $31,061,000. Arizona State Retirement System grew its position in CarMax by 0.6% in the 4th quarter. Arizona State Retirement System now owns 44,998 shares of the company’s stock valued at $3,679,000 after buying an additional 282 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in CarMax in the 4th quarter valued at $2,173,000. Finally, Assetmark Inc. grew its position in CarMax by 10,821.6% in the 4th quarter. Assetmark Inc. now owns 152,902 shares of the company’s stock valued at $12,501,000 after buying an additional 151,502 shares during the last quarter.

Insider Buying and Selling

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred 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 $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,467 shares of company stock valued at $21,915,445. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMX. JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $110.00 in a research report on Thursday, February 6th. Stephens assumed coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada raised their target price on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.91.

CarMax Stock Down 0.9 %

Shares of NYSE:KMX opened at $76.75 on Friday. 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 1 year low of $65.83 and a 1 year high of $91.25. The stock has a market capitalization of $11.80 billion, a P/E ratio of 26.02, a PEG ratio of 1.67 and a beta of 1.76. The stock has a 50-day simple moving average of $82.74 and a 200-day simple moving average of $80.36.

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

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.