New York State Common Retirement Fund Has $5.31 Million Stock Position in CarMax, Inc. (NYSE:KMX)

New York State Common Retirement Fund reduced its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,920 shares of the company's stock after selling 5,000 shares during the period. New York State Common Retirement Fund's holdings in CarMax were worth $5,308,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund raised its stake in CarMax by 71.2% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,909 shares of the company's stock valued at $647,000 after buying an additional 3,288 shares in the last quarter. Empower Advisory Group LLC raised its stake in CarMax by 8.4% in the fourth quarter. Empower Advisory Group LLC now owns 4,278 shares of the company's stock valued at $350,000 after buying an additional 331 shares in the last quarter. CIBC Asset Management Inc raised its stake in CarMax by 4.2% in the fourth quarter. CIBC Asset Management Inc now owns 23,808 shares of the company's stock valued at $1,947,000 after buying an additional 968 shares in the last quarter. Principal Financial Group Inc. raised its stake in CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after buying an additional 282,519 shares in the last quarter. Finally, Americana Partners LLC acquired a new stake in CarMax in the fourth quarter valued at $283,000.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % 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, CEO William D. Nash sold 120,513 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,467 shares of company stock valued at $21,915,445. Corporate insiders own 1.66% of the company's stock.

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CarMax Stock Down 1.9 %

KMX stock traded down $1.57 during midday trading on Monday, hitting $81.40. 967,498 shares of the company's stock were exchanged, compared to its average volume of 1,536,145. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. The firm has a 50 day moving average price of $83.27 and a 200-day moving average price of $80.39. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last announced 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. 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 the consensus estimate of $6.05 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm'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 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective on the stock. Mizuho raised their price objective on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Evercore ISI raised CarMax from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.