Avanza Fonder AB Buys Shares of 15,163 CarMax, Inc. (NYSE:KMX)

Avanza Fonder AB bought a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,163 shares of the company's stock, valued at approximately $1,240,000.

A number of other hedge funds also recently added to or reduced their stakes in KMX. First Hawaiian Bank acquired a new position in shares of CarMax during the 4th quarter worth $273,000. World Investment Advisors LLC purchased a new position in CarMax during the 3rd quarter valued at about $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its position in CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock worth $27,188,000 after acquiring an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC acquired a new position in CarMax during the third quarter worth about $747,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of CarMax in the third quarter valued at about $3,934,000.

Insider Transactions at CarMax

In other news, CEO William D. Nash sold 120,513 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were 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 in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 259,598 shares of company stock worth $21,503,625. 1.66% of the stock is currently owned by insiders.

CarMax Stock Down 0.9 %

NYSE KMX traded down $0.69 on Monday, hitting $78.96. 1,482,993 shares of the stock traded hands, compared to its average volume of 1,894,977. The company has a market capitalization of $12.14 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The stock has a 50-day moving average of $82.07 and a 200 day moving average of $79.14. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.05 billion. During the same period last year, the business posted $0.52 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts expect that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BNP Paribas upgraded CarMax to a "strong sell" rating in a research report on Friday, September 27th. Mizuho boosted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Finally, Evercore ISI boosted their price objective on shares of CarMax from $83.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $85.17.

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.