Nomura Holdings Inc. Acquires Shares of 13,849 CarMax, Inc. (NYSE:KMX)

Nomura Holdings Inc. acquired a new stake in CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,849 shares of the company's stock, valued at approximately $1,132,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in CarMax by 348.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock worth $539,213,000 after buying an additional 5,122,850 shares during the period. Norges Bank bought a new stake in shares of CarMax in the 4th quarter valued at about $423,187,000. Janus Henderson Group PLC grew its position in shares of CarMax by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock valued at $381,978,000 after buying an additional 29,715 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CarMax by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after buying an additional 47,058 shares during the period.

Analyst Upgrades and Downgrades

KMX has been the topic of several analyst reports. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a report on Monday. Robert W. Baird lowered their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, Cfra Research raised shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.73.

CarMax Stock Down 0.2%

NYSE:KMX traded down $0.11 on Thursday, hitting $63.23. The stock had a trading volume of 2,914,844 shares, compared to its average volume of 2,171,323. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The firm's fifty day simple moving average is $69.76 and its two-hundred day simple moving average is $77.64. The stock has a market cap of $9.65 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Insider Activity at CarMax

In related news, Director Mitchell D. Steenrod purchased 1,300 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, with a total value of $85,137.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently 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.