CarMax, Inc. (NYSE:KMX) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,349 shares of the company’s stock after acquiring an additional 1,652 shares during the quarter. WINTON GROUP Ltd’s holdings in CarMax were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of CarMax by 7.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 248,252 shares of the company’s stock worth $19,878,000 after purchasing an additional 18,109 shares during the last quarter. Korea Investment CORP grew its holdings in CarMax by 753.8% during the 4th quarter. Korea Investment CORP now owns 65,868 shares of the company’s stock valued at $5,385,000 after buying an additional 58,153 shares during the last quarter. LPL Financial LLC increased its position in CarMax by 13.1% during the fourth quarter. LPL Financial LLC now owns 200,024 shares of the company’s stock worth $16,354,000 after buying an additional 23,204 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of CarMax in the fourth quarter worth $702,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of CarMax in the fourth quarter valued at $4,771,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $86.00 to $90.00 in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price of $90.18.

CarMax Stock Performance

Shares of NYSE:KMX opened at $77.12 on Friday. The business has a 50-day moving average of $80.51 and a two-hundred day moving average of $79.32. The firm has a market capitalization of $11.86 billion, a PE ratio of 26.14, a P/E/G ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25.

Insider Activity

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the business’s 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 transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,709 shares of company stock valued at $7,642,379. Company insiders own 1.66% of the company’s stock.

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.