Ninety One UK Ltd Has $23.89 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Ninety One UK Ltd lessened its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,345 shares of the company's stock after selling 14,735 shares during the period. Ninety One UK Ltd owned 0.20% of CarMax worth $23,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KMX. Norges Bank purchased a new position in shares of CarMax during the fourth quarter valued at approximately $99,730,000. Wellington Management Group LLP lifted its stake in shares of CarMax by 29.4% during the first quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company's stock valued at $342,400,000 after buying an additional 805,438 shares during the period. American Century Companies Inc. lifted its stake in shares of CarMax by 674.3% during the third quarter. American Century Companies Inc. now owns 806,716 shares of the company's stock valued at $57,059,000 after buying an additional 702,526 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of CarMax by 2,311.1% during the third quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company's stock valued at $42,697,000 after buying an additional 578,622 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of CarMax by 119.1% during the first quarter. Two Sigma Investments LP now owns 769,249 shares of the company's stock valued at $49,447,000 after buying an additional 418,078 shares during the period.

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the firm's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company's stock, valued at approximately $355,515.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company's stock, valued at approximately $355,515.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company's stock, valued at $357,849.42. The disclosure for this sale can be found here. Insiders sold a total of 38,929 shares of company stock valued at $2,740,901 in the last ninety days. Corporate insiders own 1.66% of the company's stock.

CarMax Trading Up 0.6 %

Shares of KMX stock traded up $0.43 during mid-day trading on Friday, reaching $68.34. The company's stock had a trading volume of 1,824,389 shares, compared to its average volume of 2,012,193. The company's 50 day simple moving average is $78.42 and its 200-day simple moving average is $72.03. The firm has a market capitalization of $10.76 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. CarMax's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. On average, research analysts predict that CarMax, Inc. will post 3.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KMX has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of CarMax from $44.00 to $50.00 and gave the company an "underperform" rating in a research note on Thursday, February 29th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target on shares of CarMax in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Finally, Mizuho cut their price target on shares of CarMax from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CarMax presently has an average rating of "Hold" and an average price target of $77.42.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.