Illinois Municipal Retirement Fund Invests $2.13 Million in CarMax, Inc. (NYSE:KMX)

Illinois Municipal Retirement Fund acquired a new stake in CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 25,998 shares of the company's stock, valued at approximately $2,126,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BankPlus Trust Department acquired a new stake in CarMax during the 4th quarter worth approximately $85,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of CarMax by 30.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,800 shares of the company's stock worth $1,946,000 after acquiring an additional 5,600 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of CarMax in the fourth quarter valued at $226,000. Cromwell Holdings LLC boosted its holdings in CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares during the period. Finally, Ieq Capital LLC grew its stake in CarMax by 603.2% during the 4th quarter. Ieq Capital LLC now owns 110,691 shares of the company's stock worth $9,050,000 after purchasing an additional 94,950 shares in the last quarter.

Insider Activity

In related news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was 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 $19,199.66. The trade was a 95.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock valued at $21,915,445 in the last ninety days. 1.66% of the stock is currently owned by company insiders.

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CarMax Stock Performance

Shares of KMX traded up $0.38 during midday trading on Tuesday, reaching $81.89. 977,791 shares of the stock were exchanged, compared to its average volume of 1,848,039. CarMax, Inc. has a twelve month low of $65.83 and a twelve month 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 has a market capitalization of $12.59 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.67 and a beta of 1.72. The business's 50-day moving average price is $83.22 and its 200 day moving average price is $80.40.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KMX shares. JPMorgan Chase & Co. increased their price target on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Needham & Company LLC lifted their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price objective on the stock. Finally, Evercore ISI raised shares of CarMax from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $90.91.

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.