Royal London Asset Management Ltd. Has $4.74 Million Stake in CarMax, Inc. (NYSE:KMX)

Royal London Asset Management Ltd. lifted its stake in CarMax, Inc. (NYSE:KMXFree Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,781 shares of the company’s stock after buying an additional 3,054 shares during the period. Royal London Asset Management Ltd.’s holdings in CarMax were worth $4,741,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring 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 valued at $34,000 after purchasing an additional 400 shares in the last quarter. Mendota Financial Group LLC bought a new position in CarMax in the fourth quarter worth $37,000. MCF Advisors LLC acquired a new stake in CarMax during the fourth quarter worth $46,000. Finally, Lindbrook Capital LLC increased its holdings in CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KMX shares. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Evercore ISI lowered their price objective on CarMax from $72.00 to $68.00 and set an “in-line” rating on the stock in a research note on Thursday. Robert W. Baird cut their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Finally, Truist Financial cut their price objective on CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.92.

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CarMax Stock Performance

CarMax stock opened at $69.17 on Friday. The stock has a 50-day simple moving average of $72.23 and a 200 day simple moving average of $73.36. The stock 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, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMXGet Free Report) last announced its earnings results 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 return on equity of 7.26% and a net margin of 1.81%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, research analysts anticipate that CarMax, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

CarMax Profile

(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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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