Mitsubishi UFJ Trust & Banking Corp Sells 7,865 Shares of CarMax, Inc. (NYSE:KMX)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,824 shares of the company’s stock after selling 7,865 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of CarMax worth $13,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in KMX. Principal Financial Group Inc. boosted its holdings in shares of CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after purchasing an additional 282,519 shares in the last quarter. State Street Corp lifted its position in shares of CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after buying an additional 36,959 shares during the last quarter. Janus Henderson Group PLC boosted its stake in CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after buying an additional 28,466 shares in the last quarter. Geode Capital Management LLC boosted its stake in CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares in the last quarter. Finally, First Pacific Advisors LP grew its position in CarMax by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock valued at $195,984,000 after acquiring an additional 13,487 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMX. Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Mizuho upped their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.18.

CarMax Stock Performance

NYSE:KMX opened at $75.92 on Friday. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. 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 company has a 50 day simple moving average of $80.45 and a two-hundred day simple moving average of $79.29. The company has a market capitalization of $11.68 billion, a PE ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76.

Insider Activity at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The shares were 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 $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company’s stock, valued at approximately $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,709 shares of company stock worth $7,642,379 over the last quarter. Company 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.