Pacer Advisors Inc. Purchases 11,237 Shares of CarMax, Inc. (NYSE:KMX)

Pacer Advisors Inc. boosted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,115 shares of the company's stock after acquiring an additional 11,237 shares during the period. Pacer Advisors Inc.'s holdings in CarMax were worth $1,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after purchasing an additional 36,959 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock valued at $359,216,000 after buying an additional 28,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after acquiring an additional 14,903 shares during the last quarter. FMR LLC grew its position in CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company's stock worth $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in CarMax by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company's stock valued at $116,869,000 after acquiring an additional 11,865 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Evercore ISI boosted their price objective on shares of CarMax from $83.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a report on Monday. Truist Financial boosted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Finally, Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $85.42.

Insider Activity

In related news, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares of the company's stock, valued at $983,292.26. This trade represents a 46.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company's stock.

CarMax Stock Down 0.3 %

KMX traded down $0.25 on Wednesday, hitting $83.90. The company had a trading volume of 1,405,827 shares, compared to its average volume of 1,629,819. The stock has a fifty day simple moving average of $83.05 and a 200-day simple moving average of $79.60. 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 firm has a market capitalization of $12.90 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.66 and a beta of 1.72. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last released 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. The company had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. As a group, equities analysts expect that CarMax, Inc. will post 3.25 EPS for the current fiscal year.

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.