KLP Kapitalforvaltning AS Makes New $4.77 Million Investment in CarMax, Inc. (NYSE:KMX)

KLP Kapitalforvaltning AS bought a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 58,356 shares of the company's stock, valued at approximately $4,771,000.

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

CarMax Stock Down 1.3 %

NYSE:KMX traded down $1.01 during mid-day trading on Friday, hitting $75.92. 2,799,805 shares of the company's stock were exchanged, compared to its average volume of 1,976,356. The company has a market cap of $11.68 billion, a PE ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The business has a fifty day moving average price of $80.45 and a 200 day moving average price of $79.30.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KMX shares. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Evercore ISI reduced their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $90.18.

Insider Transactions at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction 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 directly owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,709 shares of company stock valued at $7,642,379 in the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

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.