Tredje AP fonden Sells 12,414 Shares of CarMax, Inc. (NYSE:KMX)

Tredje AP fonden trimmed its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,414 shares of the company's stock after selling 12,414 shares during the quarter. Tredje AP fonden's holdings in CarMax were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMX. FMR LLC increased its stake in shares of 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 purchasing an additional 1,713,379 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of CarMax by 740.2% during the third quarter. Holocene Advisors LP now owns 946,931 shares of the company's stock worth $73,274,000 after purchasing an additional 834,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company's stock worth $114,471,000 after buying an additional 436,342 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CarMax in the 4th quarter worth $31,061,000. Finally, Principal Financial Group Inc. raised its position 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 valued at $702,425,000 after buying an additional 282,519 shares in the last quarter.

CarMax Trading Up 0.7 %

CarMax stock traded up $0.47 during trading hours on Wednesday, reaching $70.80. The stock had a trading volume of 3,575,483 shares, compared to its average volume of 1,896,173. The stock has a market cap of $10.89 billion, a PE ratio of 24.00, a PEG ratio of 1.67 and a beta of 1.76. The company has a fifty day simple moving average of $81.44 and a 200-day simple moving average of $79.71. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

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CarMax (NYSE:KMX - Get Free Report) last announced 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KMX shares. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Needham & Company LLC increased their price objective on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Evercore ISI cut their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $90.45.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 over the last 90 days. 1.66% of the stock is owned by company insiders.

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.