UniSuper Management Pty Ltd Raises Position in CarMax, Inc. (NYSE:KMX)

UniSuper Management Pty Ltd boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 10.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,088 shares of the company’s stock after buying an additional 2,281 shares during the period. UniSuper Management Pty Ltd’s holdings in CarMax were worth $1,969,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after acquiring an additional 282,519 shares during the last quarter. State Street Corp grew its holdings in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after purchasing an additional 36,959 shares during the period. Janus Henderson Group PLC increased its position in CarMax by 0.6% during the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after purchasing an additional 28,466 shares during the last quarter. Geode Capital Management LLC raised its stake in CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after purchasing an additional 14,903 shares during the period. Finally, First Pacific Advisors LP boosted its holdings in CarMax by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock valued at $195,984,000 after purchasing an additional 13,487 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP James Lyski sold 57,986 shares of the business’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 directly owns 22,803 shares of the company’s stock, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred 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 directly owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,709 shares of company stock worth $7,642,379 over the last 90 days. Corporate insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of KMX opened at $75.92 on Monday. The company has a market cap of $11.68 billion, a P/E ratio of 25.74, a PEG ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm’s 50 day moving average price is $80.45 and its 200 day moving average price is $79.33.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMX. Mizuho raised their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Evercore ISI reduced their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.18.

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.