Tokio Marine Asset Management Co. Ltd. Has $393,000 Position in CarMax, Inc. (NYSE:KMX)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,127 shares of the company’s stock after buying an additional 330 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CarMax were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. lifted its stake in CarMax by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock valued at $392,458,000 after acquiring an additional 210,440 shares during the last quarter. Invesco Ltd. lifted its stake in CarMax by 3.1% in the third quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after acquiring an additional 88,488 shares during the last quarter. Cooke & Bieler LP lifted its stake in CarMax by 3.1% in the fourth quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock valued at $179,928,000 after acquiring an additional 69,409 shares during the last quarter. Northern Trust Corp lifted its stake in CarMax by 3.2% in the third quarter. Northern Trust Corp now owns 1,570,993 shares of the company’s stock valued at $111,116,000 after acquiring an additional 48,879 shares during the last quarter. Finally, Giverny Capital Inc. lifted its stake in CarMax by 1.3% in the third quarter. Giverny Capital Inc. now owns 1,520,438 shares of the company’s stock valued at $107,541,000 after acquiring an additional 20,198 shares during the last quarter.

CarMax Stock Up 0.5 %

Shares of KMX stock opened at $69.59 on Monday. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The firm has a market cap of $10.95 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61. The stock has a 50 day moving average of $77.98 and a 200-day moving average of $72.14. 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) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. On average, equities analysts predict that CarMax, Inc. will post 3.27 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on KMX. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 target price on shares of CarMax in a research note on Monday, April 8th. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Bank of America upped their price objective on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Needham & Company LLC dropped their target price on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Finally, Wedbush restated an “outperform” rating and set a $90.00 price target on shares of CarMax in a report on Tuesday, April 16th. 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.42.

Insider Activity

In other news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.66% of the stock is currently owned by company insiders.

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.