Allspring Global Investments Holdings LLC Sells 4,519 Shares of CarMax, Inc. (NYSE:KMX)

Allspring Global Investments Holdings LLC decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 7.9% during the fourth quarter, HoldingsChannel reports. The firm owned 53,020 shares of the company’s stock after selling 4,519 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CarMax were worth $4,069,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of CarMax in the 4th quarter worth approximately $99,730,000. Wellington Management Group LLP raised its holdings in CarMax by 29.4% in the first quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock worth $342,400,000 after purchasing an additional 805,438 shares in the last quarter. American Century Companies Inc. lifted its position in 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 boosted its holdings in shares of CarMax by 2,311.1% during the 3rd 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 in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of CarMax by 119.1% in the 1st quarter. Two Sigma Investments LP now owns 769,249 shares of the company’s stock worth $49,447,000 after buying an additional 418,078 shares during the period.

Insider Activity

In related news, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $357,849.42. The disclosure for this sale can be found here. Insiders have sold 38,929 shares of company stock valued at $2,740,901 in the last ninety days. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on KMX. Mizuho dropped their price objective 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. Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Tuesday. Evercore ISI cut their target price on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. Robert W. Baird lowered their price target on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 price target on shares of CarMax in a research note on Monday, April 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus price target of $77.42.

CarMax Price Performance

KMX opened at $68.34 on Friday. The company’s 50-day simple moving average is $78.42 and its two-hundred day simple moving average is $72.03. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The stock has a market capitalization of $10.76 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.09 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26.

CarMax (NYSE:KMX) last issued its quarterly earnings data 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). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts predict that CarMax, Inc. will post 3.43 EPS for the current year.

CarMax 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.