Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in CarMax, Inc. (NYSE:KMX)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,252 shares of the company's stock after buying an additional 18,109 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of CarMax worth $19,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KMX. True Wealth Design LLC increased its holdings in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company's stock worth $34,000 after acquiring an additional 436 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP increased its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the 4th quarter valued at $58,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after buying an additional 480 shares in the last quarter.

Insider Buying and Selling at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction that occurred on 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 trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,709 shares of company stock worth $7,642,379 over the last ninety days. Company insiders own 1.66% of the company's stock.

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CarMax Price Performance

Shares of NYSE KMX traded up $3.83 during mid-day trading on Wednesday, hitting $82.71. 4,009,940 shares of the company's stock traded hands, compared to its average volume of 1,995,972. The company has a market capitalization of $12.72 billion, a P/E ratio of 28.04, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company's 50-day moving average is $80.42 and its two-hundred day moving average is $79.34.

Analyst Ratings Changes

KMX has been the subject of a number of analyst reports. Truist Financial increased their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of CarMax in a research note on Tuesday. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.64.

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.