Intech Investment Management LLC Purchases 8,418 Shares of CarMax, Inc. (NYSE:KMX)

Intech Investment Management LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 246.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,836 shares of the company’s stock after purchasing an additional 8,418 shares during the quarter. Intech Investment Management LLC’s holdings in CarMax were worth $968,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KMX. Victory Capital Management Inc. grew its position in shares of CarMax by 1.8% in the third quarter. Victory Capital Management Inc. now owns 52,929 shares of the company’s stock valued at $4,096,000 after purchasing an additional 923 shares in the last quarter. Quest Partners LLC purchased a new position in shares of CarMax in the third quarter valued at $350,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of CarMax in the third quarter valued at $298,000. King Luther Capital Management Corp grew its position in shares of CarMax by 1.7% in the third quarter. King Luther Capital Management Corp now owns 55,331 shares of the company’s stock valued at $4,282,000 after purchasing an additional 940 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of CarMax by 19.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,474 shares of the company’s stock valued at $424,000 after purchasing an additional 887 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on KMX. Truist Financial boosted their target price on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Stephens began coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their target price on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.45.

CarMax Trading Down 0.6 %

NYSE KMX opened at $71.29 on Friday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a 50-day moving average of $80.87 and a 200-day moving average of $79.47. The firm 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.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating 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 company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the company posted $0.52 EPS. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Activity

In other CarMax news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company’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 transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock valued at $21,915,445. Insiders own 1.66% of the company’s stock.

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.