Kentucky Retirement Systems Insurance Trust Fund Buys 3,288 Shares of CarMax, Inc. (NYSE:KMX)

Kentucky Retirement Systems Insurance Trust Fund grew its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 71.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,909 shares of the company's stock after buying an additional 3,288 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in CarMax were worth $647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of CarMax in the fourth quarter worth about $273,000. World Investment Advisors LLC acquired a new stake in shares of CarMax in the third quarter worth about $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of CarMax by 3.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock worth $27,188,000 after purchasing an additional 10,898 shares during the period. HF Advisory Group LLC increased its stake in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after purchasing an additional 3,222 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of CarMax in the fourth quarter worth about $600,000.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent analyst reports. Mizuho lifted 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. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $87.50.

CarMax Price Performance

NYSE KMX traded down $2.98 during trading on Friday, reaching $82.62. 1,614,402 shares of the company traded hands, compared to its average volume of 1,388,271. 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 stock's 50 day moving average price is $83.39 and its two-hundred day moving average price is $80.08. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.67 and a beta of 1.72. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last announced its 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 business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. As a group, analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Mohammad Shamim sold 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $983,292.26. This represents a 46.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Nash sold 120,513 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. Insiders own 1.66% of the company's stock.

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.