16,251 Shares in CarMax, Inc. (NYSE:KMX) Acquired by Sciencast Management LP

Sciencast Management LP purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,251 shares of the company's stock, valued at approximately $1,329,000.

Other institutional investors have also modified their holdings of the company. HUB Investment Partners LLC acquired a new stake in CarMax during the fourth quarter worth about $223,000. Royal London Asset Management Ltd. lifted its position in shares of CarMax by 2.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 66,351 shares of the company's stock valued at $5,425,000 after buying an additional 1,862 shares in the last quarter. ProVise Management Group LLC increased its holdings in CarMax by 7.7% in the 4th quarter. ProVise Management Group LLC now owns 84,155 shares of the company's stock worth $6,881,000 after acquiring an additional 6,032 shares in the last quarter. Intech Investment Management LLC lifted its holdings in CarMax by 246.3% during the fourth quarter. Intech Investment Management LLC now owns 11,836 shares of the company's stock valued at $968,000 after purchasing an additional 8,418 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in CarMax in the 4th quarter valued at about $2,973,000.

Analysts Set New Price Targets

KMX has been the topic of several recent research reports. 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. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Mizuho increased their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Evercore ISI lowered their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price target on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $90.45.

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CarMax Trading Up 0.7 %

Shares of CarMax stock traded up $0.49 during trading hours on Tuesday, hitting $74.03. The company's stock had a trading volume of 1,107,023 shares, compared to its average volume of 1,905,393. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.67 and a beta of 1.76. 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 twelve month low of $65.83 and a twelve month high of $91.25. The firm has a fifty day moving average of $80.77 and a 200-day moving average of $79.40.

Insider Activity at CarMax

In other news, SVP Jon G. Daniels sold 10,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,709 shares of company stock worth $8,495,379. Company insiders own 1.66% of the company's stock.

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.