Rhumbline Advisers Cuts Position in CarMax, Inc. (NYSE:KMX)

Rhumbline Advisers decreased its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,769 shares of the company's stock after selling 5,759 shares during the quarter. Rhumbline Advisers owned 0.19% of CarMax worth $23,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning grew its stake in CarMax by 5.9% in the 3rd quarter. Creative Planning now owns 13,833 shares of the company's stock valued at $1,070,000 after acquiring an additional 766 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in CarMax by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,304 shares of the company's stock valued at $1,339,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. grew its stake in CarMax by 108.2% in the 3rd quarter. Blue Trust Inc. now owns 1,043 shares of the company's stock valued at $76,000 after acquiring an additional 542 shares during the period. Raymond James & Associates grew its stake in CarMax by 4.1% in the 3rd quarter. Raymond James & Associates now owns 248,148 shares of the company's stock valued at $19,202,000 after acquiring an additional 9,778 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in CarMax by 4.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 12,422 shares of the company's stock valued at $961,000 after acquiring an additional 540 shares during the period.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owns 227 shares of the company's stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 over the last three months. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Down 3.5 %

Shares of CarMax stock traded down $2.98 on Friday, reaching $82.62. 1,614,402 shares of the company were exchanged, compared to its average volume of 1,388,271. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a market cap of $12.71 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.67 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. The stock's 50 day moving average price is $83.39 and its 200-day moving average price is $80.08.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

KMX has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price on the stock. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Finally, StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, CarMax has a consensus rating of "Hold" and an average price target of $87.50.

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.