CANADA LIFE ASSURANCE Co Sells 67,414 Shares of CarMax, Inc. (NYSE:KMX)

CANADA LIFE ASSURANCE Co reduced its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 42.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,547 shares of the company's stock after selling 67,414 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.06% of CarMax worth $7,477,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KMX. Canada Pension Plan Investment Board grew its position in CarMax by 155.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 62,800 shares of the company's stock valued at $5,135,000 after buying an additional 38,200 shares during the period. Farringdon Capital Ltd. bought a new position in CarMax in the 4th quarter worth $379,000. Marshall Wace LLP lifted its position in CarMax by 8.9% during the fourth quarter. Marshall Wace LLP now owns 689,494 shares of the company's stock valued at $56,373,000 after purchasing an additional 56,126 shares in the last quarter. NewEdge Advisors LLC grew its holdings in CarMax by 3.0% during the fourth quarter. NewEdge Advisors LLC now owns 35,857 shares of the company's stock valued at $2,932,000 after purchasing an additional 1,032 shares during the period. Finally, Gabelli Funds LLC increased its position in CarMax by 4.9% in the fourth quarter. Gabelli Funds LLC now owns 64,000 shares of the company's stock worth $5,233,000 after buying an additional 3,000 shares in the last quarter.

Insiders Place Their Bets

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

CarMax Price Performance

Shares of KMX stock traded up $0.08 on Monday, reaching $65.11. The company's stock had a trading volume of 3,039,891 shares, compared to its average volume of 2,095,236. The stock's fifty day simple moving average is $73.83 and its 200-day simple moving average is $78.49. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC lowered their price objective on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a report on Monday, April 21st. StockNews.com lowered shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Finally, Evercore ISI lowered their target price on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.