Prudential Financial Inc. Has $7.01 Million Position in CarMax, Inc. (NYSE:KMX)

Prudential Financial Inc. cut its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,720 shares of the company's stock after selling 89,853 shares during the quarter. Prudential Financial Inc. owned about 0.06% of CarMax worth $7,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of CarMax by 3.4% during the 4th 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 in the last quarter. State Street Corp lifted its holdings in shares of CarMax by 0.6% during 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 during the last quarter. Janus Henderson Group PLC boosted its position in shares of CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock valued at $359,216,000 after purchasing an additional 28,466 shares during the period. Geode Capital Management LLC increased its stake in CarMax by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after purchasing an additional 14,903 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in CarMax by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company's stock worth $195,984,000 after buying an additional 13,487 shares during the period.

CarMax Stock Down 1.0 %

Shares of NYSE KMX traded down $0.80 during trading hours on Friday, hitting $75.66. The stock had a trading volume of 3,650,357 shares, compared to its average volume of 2,008,589. The company has a market capitalization of $11.64 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.67 and a beta of 1.76. The firm's 50-day moving average price is $80.26 and its two-hundred day moving average price is $79.32. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

Insiders Place Their Bets

In related news, VP Jill A. Livesay sold 13,009 shares of the business's 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 completion of the sale, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,723 shares of company stock valued at $2,925,218 over the last ninety days. Corporate insiders own 1.66% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on KMX. StockNews.com upgraded shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Wedbush reiterated an "outperform" rating and set a $100.00 price objective on shares of CarMax in a research report on Tuesday. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Finally, Needham & Company LLC increased their price objective on CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $90.64.

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.