Metis Global Partners LLC Purchases 4,575 Shares of CarMax, Inc. (NYSE:KMX)

Metis Global Partners LLC raised its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 90.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,623 shares of the company's stock after purchasing an additional 4,575 shares during the quarter. Metis Global Partners LLC's holdings in CarMax were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its position in shares of CarMax by 2,883.1% during the third quarter. FMR LLC now owns 1,772,808 shares of the company's stock valued at $137,180,000 after acquiring an additional 1,713,379 shares during the last quarter. Holocene Advisors LP increased its position in shares of CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock valued at $73,274,000 after acquiring an additional 834,232 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock valued at $114,471,000 after acquiring an additional 436,342 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CarMax by 3.4% during the fourth 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 last quarter. Finally, Ieq Capital LLC increased its position in shares of CarMax by 603.2% during the fourth quarter. Ieq Capital LLC now owns 110,691 shares of the company's stock valued at $9,050,000 after acquiring an additional 94,950 shares during the last quarter.

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CarMax Stock Performance

Shares of CarMax stock traded down $0.73 during trading hours on Friday, reaching $76.75. The company had a trading volume of 2,401,236 shares, compared to its average volume of 1,866,640. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The business has a fifty day simple moving average of $82.88 and a 200 day simple moving average of $80.38. 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 firm has a market cap of $11.80 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

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

Insider Activity at CarMax

In related news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company's stock, valued at $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 264,467 shares of company stock valued at $21,915,445. Company insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

KMX has been the subject of a number of research analyst reports. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. 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. Royal Bank of Canada raised their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 target price for the company. Finally, Needham & Company LLC raised their target price on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $90.91.

CarMax Company Profile

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.