Generali Asset Management SPA SGR Acquires New Holdings in CarMax, Inc. (NYSE:KMX)

Generali Asset Management SPA SGR bought a new position in CarMax, Inc. (NYSE:KMX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,357 shares of the company's stock, valued at approximately $2,973,000.

Several other large investors also recently made changes to their positions in KMX. Principal Financial Group Inc. increased its position in CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after acquiring an additional 282,519 shares during the period. State Street Corp increased its holdings in shares of CarMax by 0.6% during the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after purchasing an additional 36,959 shares during the period. Janus Henderson Group PLC raised its stake in shares of CarMax by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock valued at $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after purchasing an additional 14,903 shares during the period. Finally, First Pacific Advisors LP grew its position in CarMax by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company's stock valued at $195,984,000 after buying an additional 13,487 shares in the last quarter.

Insider Activity at CarMax

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 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 in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction on 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 directly owns 20,260 shares of the company's stock, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,954 shares of company stock valued at $11,046,243. Company insiders own 1.66% of the company's stock.

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CarMax Trading Up 3.1 %

Shares of CarMax stock traded up $2.19 during trading on Monday, hitting $73.51. The stock had a trading volume of 2,446,998 shares, compared to its average volume of 1,906,377. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $11.31 billion, a PE ratio of 24.92, a P/E/G 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 stock has a 50 day simple moving average of $80.87 and a 200 day simple moving average of $79.45.

CarMax (NYSE:KMX - Get Free Report) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. On average, research analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on KMX. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Truist Financial upped their target price on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price target on the stock. Mizuho boosted their price objective on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Finally, Evercore ISI decreased their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $90.45.

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.