Elo Mutual Pension Insurance Co Cuts Holdings in CarMax, Inc. (NYSE:KMX)

Elo Mutual Pension Insurance Co lessened its position in shares of CarMax, Inc. (NYSE:KMX) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,792 shares of the company’s stock after selling 3,072 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CarMax were worth $882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Cerity Partners LLC increased its position in CarMax by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 38,353 shares of the company’s stock worth $2,968,000 after purchasing an additional 21,528 shares in the last quarter. FMR LLC raised its stake in shares of CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after acquiring an additional 1,713,379 shares during the period. Townsquare Capital LLC lifted its holdings in shares of CarMax by 7.0% during the 3rd quarter. Townsquare Capital LLC now owns 29,439 shares of the company’s stock valued at $2,278,000 after acquiring an additional 1,914 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CarMax by 26.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,178 shares of the company’s stock worth $2,877,000 after purchasing an additional 7,795 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CarMax by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock valued at $116,869,000 after purchasing an additional 11,865 shares in the last quarter.

CarMax Stock Performance

Shares of CarMax stock opened at $75.92 on Monday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The firm’s 50-day simple moving average is $80.45 and its 200-day simple moving average is $79.33. The firm has a market cap of $11.68 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday. Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Mizuho upped their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.18.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the transaction, the executive vice president now owns 22,803 shares in the company, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock worth $7,642,379 over the last quarter. 1.66% of the stock is owned by corporate 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.