CarMax, Inc. (NYSE:KMX) Stock Holdings Lessened by CIBC Asset Management Inc

CIBC Asset Management Inc cut its stake in shares of CarMax, Inc. (NYSE:KMXFree Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,818 shares of the company’s stock after selling 989 shares during the quarter. CIBC Asset Management Inc’s holdings in CarMax were worth $1,674,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KBC Group NV increased its stake in CarMax by 10.3% in the 4th quarter. KBC Group NV now owns 23,879 shares of the company’s stock worth $1,833,000 after purchasing an additional 2,235 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of CarMax by 0.8% during the fourth quarter. California State Teachers Retirement System now owns 247,611 shares of the company’s stock valued at $19,002,000 after acquiring an additional 2,051 shares during the period. United Community Bank raised its holdings in shares of CarMax by 20.7% during the fourth quarter. United Community Bank now owns 6,857 shares of the company’s stock valued at $526,000 after acquiring an additional 1,178 shares during the period. Meritage Group LP lifted its position in shares of CarMax by 6.9% in the 4th quarter. Meritage Group LP now owns 3,467 shares of the company’s stock valued at $266,000 after acquiring an additional 224 shares in the last quarter. Finally, Redmond Asset Management LLC boosted its stake in CarMax by 1.1% in the 4th quarter. Redmond Asset Management LLC now owns 58,460 shares of the company’s stock worth $4,486,000 after purchasing an additional 662 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Truist Financial reduced their target price on CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, April 12th. Robert W. Baird lowered their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. StockNews.com upgraded CarMax to a “sell” rating in a report on Monday, April 22nd. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research report on Thursday, May 16th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Three investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $76.92.

Read Our Latest Analysis on CarMax

CarMax Stock Performance

KMX stock opened at $69.17 on Friday. The firm has a 50 day moving average of $72.23 and a two-hundred day moving average of $73.36. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.36 and a beta of 1.69. 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:KMXGet Free Report) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts anticipate that CarMax, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity

In related 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 value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is currently owned by insiders.

About CarMax

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.