M&T Bank Corp Has $1.74 Million Holdings in CarMax, Inc. (NYSE:KMX)

M&T Bank Corp decreased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,291 shares of the company's stock after selling 6,151 shares during the period. M&T Bank Corp's holdings in CarMax were worth $1,740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company's stock valued at $137,180,000 after buying an additional 1,713,379 shares during the period. Holocene Advisors LP grew its holdings in shares of CarMax by 740.2% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CarMax by 41.8% during the 3rd 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after acquiring an additional 282,519 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of CarMax by 10,821.6% during the fourth quarter. Assetmark Inc. now owns 152,902 shares of the company's stock worth $12,501,000 after acquiring an additional 151,502 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI upgraded CarMax from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $90.00 to $110.00 in a research note on Thursday, February 6th. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price target for the company. Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $90.91.

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Insider Buying and Selling at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction that occurred on 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 sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 in the last ninety days. Company insiders own 1.66% of the company's stock.

CarMax Stock Down 0.9 %

KMX stock opened at $76.75 on Monday. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The company has a 50-day moving average of $82.74 and a two-hundred day moving average of $80.35. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. 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 (NYSE:KMX - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the firm posted $0.52 EPS. The company's revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

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.

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