CarMax, Inc. (NYSE:KMX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in CarMax, Inc. (NYSE:KMX - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,740 shares of the company's stock after selling 9,787 shares during the quarter. California Public Employees Retirement System owned about 0.13% of CarMax worth $16,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC grew its stake in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after buying an additional 217 shares during the period. Allworth Financial LP increased its stake in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in CarMax in the fourth quarter valued at $58,000. Farther Finance Advisors LLC lifted its stake in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of CarMax during the 4th quarter worth $85,000.

CarMax Price Performance

Shares of NYSE KMX traded down $2.09 during trading on Monday, reaching $73.63. The company had a trading volume of 4,333,378 shares, compared to its average volume of 2,019,105. 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 stock has a market capitalization of $11.32 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The stock has a 50-day moving average price of $80.26 and a two-hundred day moving average price of $79.33.

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Analyst Ratings Changes

A number of research analysts have commented on KMX shares. Mizuho upped their price target on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Evercore ISI dropped their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Truist Financial upped their target price on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lowered their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, CarMax currently has a consensus rating of "Hold" and a consensus target price of $90.64.

Insider Activity at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction on 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 completion of the transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,723 shares of company stock valued at $2,925,218. 1.66% of the stock is owned by 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.