Aviva PLC Boosts Holdings in CarMax, Inc. (NYSE:KMX)

Aviva PLC grew its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 851.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,260 shares of the company's stock after purchasing an additional 83,454 shares during the quarter. Aviva PLC owned approximately 0.06% of CarMax worth $7,625,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KMX. Lakewood Asset Management LLC increased its stake in shares of CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after purchasing an additional 135 shares in the last quarter. Arete Wealth Advisors LLC increased its position in shares of CarMax by 4.3% in the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after buying an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of CarMax by 3.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock worth $383,000 after buying an additional 141 shares during the period. Timber Creek Capital Management LLC lifted its position in shares of CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after buying an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its stake in CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after acquiring an additional 164 shares during the period.

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Insider Activity

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares of the company's stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,878 shares of company stock valued at $1,872,699. 1.66% of the stock is currently owned by company insiders.

CarMax Trading Up 0.7 %

KMX stock traded up $0.49 during trading on Monday, reaching $68.85. 618,482 shares of the stock were exchanged, compared to its average volume of 2,070,257. The business has a 50 day moving average price of $78.61 and a 200-day moving average price of $79.17. CarMax, Inc. has a 1 year low of $63.23 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 firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 1.67 and a beta of 1.58.

Analysts Set New Price Targets

KMX has been the subject of a number of research analyst reports. Wedbush reduced their price objective on shares of CarMax from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday. JPMorgan Chase & Co. cut their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. StockNews.com lowered CarMax from a "hold" rating to a "sell" rating in a research note on Friday. Royal Bank of Canada reduced their price objective on CarMax from $103.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $87.73.

About CarMax

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.