Nixon Capital LLC Boosts Position in CarMax, Inc. (NYSE:KMX)

Nixon Capital LLC boosted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,749 shares of the company's stock after purchasing an additional 81,342 shares during the period. CarMax comprises approximately 5.7% of Nixon Capital LLC's portfolio, making the stock its 6th biggest holding. Nixon Capital LLC owned 0.15% of CarMax worth $17,669,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Lakewood Asset Management LLC raised its stake in shares of CarMax by 0.6% in the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after buying an additional 135 shares during the period. Arete Wealth Advisors LLC increased its holdings in CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after acquiring an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after acquiring an additional 141 shares during the period. Timber Creek Capital Management LLC lifted its holdings in CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after purchasing an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock worth $999,000 after purchasing an additional 164 shares during the period.

Insider Activity

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,878 shares of company stock worth $1,872,699. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMX has been the topic of several research reports. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Needham & Company LLC dropped their target price on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday. Robert W. Baird reduced their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Royal Bank of Canada dropped their price objective on CarMax from $103.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $87.73.

CarMax Price Performance

KMX traded up $2.08 on Friday, reaching $68.53. The company had a trading volume of 5,218,424 shares, compared to its average volume of 2,083,834. CarMax, Inc. has a 52-week low of $63.23 and a 52-week high of $91.25. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The business has a 50 day simple moving average of $78.61 and a 200 day simple moving average of $79.16.

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.