Teza Capital Management LLC Decreases Stock Position in CarMax, Inc. (NYSE:KMX)

Teza Capital Management LLC trimmed its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 90.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,180 shares of the company's stock after selling 154,548 shares during the quarter. Teza Capital Management LLC's holdings in CarMax were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMX. Principal Financial Group Inc. lifted its holdings in CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after purchasing an additional 282,519 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of CarMax by 348.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after purchasing an additional 5,122,850 shares during the period. Norges Bank purchased a new stake in shares of CarMax during the 4th quarter valued at approximately $423,187,000. Janus Henderson Group PLC boosted its holdings in CarMax by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock worth $381,978,000 after buying an additional 29,715 shares during the period. Finally, 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 worth $302,564,000 after buying an additional 47,058 shares during the period.

CarMax Price Performance

KMX traded down $0.11 during trading on Thursday, reaching $63.23. The stock had a trading volume of 2,914,844 shares, compared to its average volume of 2,171,323. The business has a 50-day moving average of $69.76 and a 200-day moving average of $77.64. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market cap of $9.65 billion, a PE ratio of 21.43, a PEG ratio of 1.67 and a beta of 1.45.

Analyst Ratings Changes

Several equities research analysts have issued reports on KMX shares. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of CarMax in a research report on Monday. Robert W. Baird dropped their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. reduced 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. Evercore ISI decreased their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Needham & Company LLC cut their price objective on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $87.73.

Insider Buying and Selling

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the company's stock in a transaction on Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, with a total value 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. This represents a 4.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

CarMax 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.