CarMax, Inc. (NYSE:KMX) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 34.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,303 shares of the company's stock after purchasing an additional 4,690 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in CarMax were worth $1,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC raised its stake in shares of CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock worth $1,778,000 after purchasing an additional 135 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after purchasing an additional 141 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock worth $999,000 after purchasing an additional 164 shares during the last quarter. Sompo Asset Management Co. Ltd. raised its stake in shares of CarMax by 1.6% during the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company's stock worth $820,000 after purchasing an additional 170 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company's stock worth $120,000 after purchasing an additional 172 shares during the last quarter.

CarMax Price Performance

CarMax stock traded up $1.31 during trading hours on Friday, hitting $88.91. The stock had a trading volume of 1,671,132 shares, compared to its average volume of 1,578,878. 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 stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The stock's fifty day moving average is $83.38 and its two-hundred day moving average is $79.87.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating 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%. CarMax's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KMX shares. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Truist Financial upped their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price target on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Friday, December 20th. Needham & Company LLC upped their price target on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Evercore ISI upgraded CarMax from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. Three research 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.50.

Insider Buying and Selling at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company's stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Nash sold 120,513 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,467 shares of company stock valued at $21,915,445. Insiders own 1.66% of the company's stock.

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.