Russell Investments Group Ltd. Sells 9,810 Shares of CarMax, Inc. (NYSE:KMX)

Russell Investments Group Ltd. lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,700 shares of the company’s stock after selling 9,810 shares during the quarter. Russell Investments Group Ltd.’s holdings in CarMax were worth $2,365,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMX. Allworth Financial LP increased its holdings in shares of CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new position in CarMax during the 4th quarter worth $37,000. MCF Advisors LLC acquired a new position in shares of CarMax during the fourth quarter valued at $46,000. Finally, Lindbrook Capital LLC lifted its position in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after purchasing an additional 155 shares during the period.

CarMax Stock Performance

Shares of KMX stock opened at $75.76 on Wednesday. The company has a market capitalization of $11.92 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company’s 50 day moving average price is $76.77 and its two-hundred day moving average price is $72.66.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The company 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 company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, analysts expect that CarMax, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Evercore ISI cut their price target 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 decreased their price objective on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. StockNews.com raised CarMax to a “sell” rating in a research note on Monday, April 22nd. Finally, Wedbush restated an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $77.42.

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.