APG Asset Management N.V. purchased a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 86,000 shares of the company's stock, valued at approximately $6,790,000. APG Asset Management N.V. owned approximately 0.06% of CarMax as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after buying an additional 282,519 shares in the last quarter. Norges Bank acquired a new stake in shares of CarMax in the 4th quarter worth approximately $423,187,000. Geode Capital Management LLC grew its holdings in shares of CarMax by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after acquiring an additional 47,058 shares during the period. Invesco Ltd. increased its stake in CarMax by 1.0% in the 4th quarter. Invesco Ltd. now owns 2,729,965 shares of the company's stock valued at $223,202,000 after purchasing an additional 27,716 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in CarMax by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company's stock worth $195,984,000 after purchasing an additional 13,487 shares during the last quarter.
CarMax Trading Up 0.2 %
NYSE:KMX traded up $0.15 during trading hours on Tuesday, reaching $67.65. 3,096,487 shares of the company were exchanged, compared to its average volume of 2,083,444. CarMax, Inc. has a 52-week low of $63.23 and a 52-week high of $91.25. The stock has a 50 day simple moving average of $78.28 and a 200 day simple moving average of $79.10. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.
Insider Activity at CarMax
In other news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated 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 of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now 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. Over the last 90 days, insiders have sold 22,878 shares of company stock worth $1,872,699. 1.66% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on KMX. Royal Bank of Canada cut their price target on CarMax from $103.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday. Wedbush lowered their price target on shares of CarMax from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Robert W. Baird lowered their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Needham & Company LLC dropped their price target on CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.73.
Check Out Our Latest Analysis on CarMax
About CarMax
(
Free Report)
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.
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