State of New Jersey Common Pension Fund D Has $4.53 Million Stake in CarMax, Inc. (NYSE:KMX)

State of New Jersey Common Pension Fund D lowered its stake in CarMax, Inc. (NYSE:KMX) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,443 shares of the company’s stock after selling 2,182 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CarMax were worth $4,533,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Hawaiian Bank acquired a new stake in CarMax in the 4th quarter worth approximately $273,000. World Investment Advisors LLC acquired a new stake in shares of CarMax in the third quarter worth $6,942,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares during the period. HF Advisory Group LLC grew its stake in CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after buying an additional 3,222 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in CarMax in the 4th quarter worth $600,000.

Wall Street Analyst Weigh In

KMX has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $87.50.

Insider Buying and Selling at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 over the last three months. Company insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of CarMax stock opened at $87.43 on Thursday. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market cap of $13.45 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.72. The firm’s 50-day simple moving average is $83.48 and its 200-day simple moving average is $79.98.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

CarMax Profile

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.