Canada Pension Plan Investment Board Boosts Stock Position in CarMax, Inc. (NYSE:KMX)

Canada Pension Plan Investment Board grew its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 155.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,800 shares of the company's stock after buying an additional 38,200 shares during the quarter. Canada Pension Plan Investment Board's holdings in CarMax were worth $5,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cromwell Holdings LLC grew its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP grew its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of CarMax in the fourth quarter worth $58,000. Farther Finance Advisors LLC grew its stake in shares of CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of CarMax in the fourth quarter worth $85,000.

CarMax Stock Up 0.1 %

CarMax stock traded up $0.08 during trading on Monday, hitting $65.11. 3,039,891 shares of the company were exchanged, compared to its average volume of 2,095,236. The business's 50 day moving average is $73.83 and its 200 day moving average is $78.49. CarMax, Inc. has a 52 week low of $61.67 and a 52 week high of $91.25. The company has a market capitalization of $9.94 billion, a P/E ratio of 22.07, a PEG 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.

Insider Buying and Selling

In related news, Director Mitchell D. Steenrod purchased 1,300 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on KMX. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. StockNews.com downgraded CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Wedbush reiterated an "outperform" rating and issued a $90.00 target price on shares of CarMax in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Finally, Evercore ISI lowered their target price on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.