Resona Asset Management Co. Ltd. Makes New Investment in CarMax, Inc. (NYSE:KMX)

Resona Asset Management Co. Ltd. bought a new stake in CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 47,661 shares of the company's stock, valued at approximately $3,911,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KMX. Cromwell Holdings LLC grew its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after buying an additional 217 shares in the last quarter. Allworth Financial LP lifted its stake in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after purchasing an additional 249 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in CarMax in the fourth quarter valued at approximately $58,000. Farther Finance Advisors LLC lifted its holdings in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of CarMax during the 4th quarter worth about $85,000.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 20,260 shares of the company's stock, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,878 shares of company stock worth $1,872,699. 1.66% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

KMX has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Evercore ISI lowered their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $87.73.

CarMax Trading Up 0.7 %

Shares of NYSE:KMX traded up $0.49 during trading on Monday, reaching $68.85. The stock had a trading volume of 618,482 shares, compared to its average volume of 2,070,230. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm's fifty day moving average is $78.61 and its 200 day moving average is $79.17. CarMax, Inc. has a 52 week low of $63.23 and a 52 week high of $91.25. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 1.67 and a beta of 1.58.

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.