Korea Investment CORP Acquires 58,153 Shares of CarMax, Inc. (NYSE:KMX)

Korea Investment CORP increased its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 753.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,868 shares of the company's stock after purchasing an additional 58,153 shares during the quarter. Korea Investment CORP's holdings in CarMax were worth $5,385,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC grew its stake in CarMax by 13.1% in the fourth quarter. LPL Financial LLC now owns 200,024 shares of the company's stock worth $16,354,000 after purchasing an additional 23,204 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in CarMax during the 4th quarter valued at about $702,000. KLP Kapitalforvaltning AS purchased a new stake in shares of CarMax in the 4th quarter worth approximately $4,771,000. American Century Companies Inc. increased its holdings in CarMax by 25.3% during the fourth quarter. American Century Companies Inc. now owns 1,168,992 shares of the company's stock valued at $95,577,000 after buying an additional 235,805 shares during the period. Finally, Sciencast Management LP purchased a new stake in CarMax during the fourth quarter worth $1,329,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of CarMax in a research note on Tuesday. Finally, Evercore ISI cut their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $90.64.

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CarMax Price Performance

CarMax stock traded up $0.00 during midday trading on Friday, reaching $76.46. The company's stock had a trading volume of 2,056,337 shares, compared to its average volume of 2,003,369. The stock's 50 day simple moving average is $80.40 and its 200 day simple moving average is $79.34. The firm has a market capitalization of $11.76 billion, a PE ratio of 26.01, 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 quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

Insider Transactions at CarMax

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction dated 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 transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares of the company's stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,723 shares of company stock worth $2,925,218. Company 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.