BlackRock Inc. lessened its stake in shares of CarMax, Inc (NYSE:KMX) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,973,309 shares of the company’s stock after selling 25,403 shares during the quarter. BlackRock Inc. owned about 0.06% of CarMax worth $819,379,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in KMX. Millennium Management LLC grew its holdings in CarMax by 4,279.2% during the second quarter. Millennium Management LLC now owns 488,592 shares of the company’s stock worth $35,604,000 after acquiring an additional 477,435 shares during the period. Chilton Investment Co. LLC grew its holdings in CarMax by 281.6% during the second quarter. Chilton Investment Co. LLC now owns 448,724 shares of the company’s stock worth $32,699,000 after acquiring an additional 331,148 shares during the period. Bain Capital Public Equity Management LLC acquired a new position in CarMax during the second quarter worth $19,795,000. Weitz Investment Management Inc. grew its holdings in CarMax by 46.6% during the second quarter. Weitz Investment Management Inc. now owns 593,150 shares of the company’s stock worth $43,223,000 after acquiring an additional 188,415 shares during the period. Finally, Giverny Capital Inc. grew its holdings in CarMax by 16.3% during the second quarter. Giverny Capital Inc. now owns 1,269,874 shares of the company’s stock worth $92,536,000 after acquiring an additional 178,286 shares during the period.
CarMax stock opened at $66.07 on Friday. The company has a current ratio of 2.35, a quick ratio of 0.52 and a debt-to-equity ratio of 3.78. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.96 and a beta of 1.62. CarMax, Inc has a fifty-two week low of $57.05 and a fifty-two week high of $81.67.
A number of brokerages recently weighed in on KMX. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Friday, October 5th. Wolfe Research began coverage on CarMax in a report on Tuesday, October 2nd. They set a “peer perform” rating on the stock. Robert W. Baird raised CarMax from a “neutral” rating to an “outperform” rating in a report on Thursday, September 27th. Finally, Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of CarMax in a report on Thursday, August 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.93.
In related news, SVP Mohammad Shamim sold 34,142 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 16,325 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $70.88, for a total value of $1,157,116.00. Following the sale, the senior vice president now directly owns 16,325 shares in the company, valued at approximately $1,157,116. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by corporate insiders.
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CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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