Mitsubishi UFJ Trust & Banking Corp Sells 7,865 Shares of CarMax, Inc. (NYSE:KMX)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,824 shares of the company's stock after selling 7,865 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of CarMax worth $13,803,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC raised its holdings in shares of CarMax by 13.1% during the fourth quarter. LPL Financial LLC now owns 200,024 shares of the company's stock worth $16,354,000 after acquiring an additional 23,204 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of CarMax during the 4th quarter worth about $702,000. KLP Kapitalforvaltning AS acquired a new stake in shares of CarMax during the 4th quarter valued at about $4,771,000. American Century Companies Inc. grew its stake in shares of CarMax by 25.3% in the 4th 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 in the last quarter. Finally, Sciencast Management LP acquired a new position in CarMax in the fourth quarter worth approximately $1,329,000.

Insiders Place Their Bets

In other CarMax news, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the transaction, the executive vice president now directly owns 22,803 shares of the company's stock, valued at approximately $1,855,024.05. This trade represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $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 93,709 shares of company stock worth $7,642,379 in the last ninety days. Insiders own 1.66% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KMX shares. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Evercore ISI decreased their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $90.64.

CarMax Stock Performance

KMX stock traded up $2.67 on Wednesday, reaching $81.55. 1,363,445 shares of the company were exchanged, compared to its average volume of 1,926,924. The firm has a market capitalization of $12.54 billion, a PE ratio of 27.64, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The stock's fifty day moving average price is $80.42 and its 200 day moving average price is $79.34. 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 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.