CarMax, Inc. (NYSE:KMX) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 10,821.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,902 shares of the company's stock after purchasing an additional 151,502 shares during the period. Assetmark Inc. owned 0.10% of CarMax worth $12,501,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company's stock valued at $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Holocene Advisors LP lifted its stake in shares of CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock worth $73,274,000 after purchasing an additional 834,232 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock valued at $114,471,000 after purchasing an additional 436,342 shares in the last quarter. Principal Financial Group Inc. lifted its position in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after acquiring an additional 282,519 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in CarMax by 603.2% in the fourth quarter. Ieq Capital LLC now owns 110,691 shares of the company's stock valued at $9,050,000 after acquiring an additional 94,950 shares in the last quarter.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a report on Friday, December 20th. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Finally, Needham & Company LLC lifted their price objective on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $90.91.

CarMax Price Performance

Shares of CarMax stock traded down $2.75 on Monday, reaching $73.98. The company's stock had a trading volume of 3,050,464 shares, compared to its average volume of 1,872,657. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $11.38 billion, a P/E ratio of 25.08, a PEG ratio of 1.67 and a beta of 1.76. The stock has a 50-day moving average price of $82.74 and a 200-day moving average price of $80.35. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Activity

In related news, 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 completion of the transaction, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. The trade was a 46.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

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.