OLD National Bancorp IN Reduces Stock Position in CarMax, Inc. (NYSE:KMX)

OLD National Bancorp IN lowered its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,264 shares of the company's stock after selling 4,012 shares during the period. OLD National Bancorp IN owned approximately 0.13% of CarMax worth $16,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in CarMax during the fourth quarter valued at approximately $273,000. World Investment Advisors LLC bought a new position in shares of CarMax during the 3rd quarter valued at $6,942,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock worth $27,188,000 after buying an additional 10,898 shares during the last quarter. HF Advisory Group LLC increased its position in CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock valued at $2,354,000 after acquiring an additional 3,222 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in CarMax in the fourth quarter valued at about $600,000.

CarMax Price Performance

Shares of KMX stock traded down $1.54 during trading hours on Monday, hitting $84.10. The stock had a trading volume of 902,861 shares, compared to its average volume of 1,614,461. The stock's 50-day moving average price is $83.10 and its two-hundred day moving average price is $79.52. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.66 and a beta of 1.72. 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 posted its earnings results on Thursday, December 19th. The company reported $0.81 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 during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the company earned $0.52 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that CarMax, Inc. will post 3.25 EPS for the current year.

Insider Buying and Selling at CarMax

In other news, EVP James Lyski sold 57,986 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares of the company's stock, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now 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 264,467 shares of company stock worth $21,915,445 over the last 90 days. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KMX shares. Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Needham & Company LLC lifted their price target on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday. Truist Financial raised their target price on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Finally, Evercore ISI upped their price target on CarMax from $83.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $85.42.

About CarMax

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.