Van Lanschot Kempen Investment Management N.V. Decreases Stock Position in CarMax, Inc. (NYSE:KMX)

Van Lanschot Kempen Investment Management N.V. decreased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,298,645 shares of the company's stock after selling 42,750 shares during the period. CarMax makes up approximately 1.1% of Van Lanschot Kempen Investment Management N.V.'s holdings, making the stock its 23rd largest position. Van Lanschot Kempen Investment Management N.V. owned approximately 0.84% of CarMax worth $106,177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of CarMax by 3.4% in 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 during the period. Norges Bank acquired a new stake in CarMax in the fourth quarter valued at about $423,187,000. Geode Capital Management LLC boosted its holdings in CarMax by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after purchasing an additional 47,058 shares in the last quarter. Invesco Ltd. increased its position in CarMax by 1.0% during the 4th quarter. Invesco Ltd. now owns 2,729,965 shares of the company's stock worth $223,202,000 after purchasing an additional 27,716 shares during the period. Finally, First Pacific Advisors LP raised its stake in shares of 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 in the last quarter.

Insider Transactions at CarMax

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the purchase, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.66% of the company's stock.

CarMax Trading Down 1.0 %

Shares of KMX stock traded down $0.64 on Friday, reaching $65.04. 2,155,346 shares of the stock were exchanged, compared to its average volume of 2,093,572. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25. The stock has a market cap of $9.93 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a 50 day moving average of $74.28 and a two-hundred day moving average of $78.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Cfra Research raised CarMax to a "strong-buy" rating in a report on Thursday, April 10th. StockNews.com cut shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Evercore ISI reduced their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Needham & Company LLC lowered their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $87.73.

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.