State of New Jersey Common Pension Fund D Cuts Position in CarMax, Inc. (NYSE:KMX)

State of New Jersey Common Pension Fund D lowered its holdings in CarMax, Inc. (NYSE:KMXFree Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,302 shares of the company’s stock after selling 4,200 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of CarMax worth $6,387,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. VitalStone Financial LLC acquired a new stake in CarMax in the first quarter valued at $33,000. Park Place Capital Corp increased its position in shares of CarMax by 125.8% in the second quarter. Park Place Capital Corp now owns 298 shares of the company’s stock valued at $25,000 after buying an additional 166 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of CarMax by 100.0% in the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after buying an additional 289 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in shares of CarMax by 42.0% in the second quarter. Deseret Mutual Benefit Administrators now owns 477 shares of the company’s stock valued at $40,000 after buying an additional 141 shares in the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of research analyst reports. Truist Financial raised their price target on CarMax from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, December 22nd. Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research report on Wednesday, January 17th. Royal Bank of Canada raised their price target on CarMax from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, December 22nd. Finally, JPMorgan Chase & Co. dropped their price target on CarMax from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.40.

Read Our Latest Research Report on CarMax

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane L. Cafritz sold 2,730 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the completion of the sale, the executive vice president now directly owns 5,073 shares in the company, valued at $357,849.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,704 shares of company stock valued at $11,233,876. Insiders own 1.66% of the company’s stock.

CarMax Trading Up 2.9 %

CarMax stock opened at $76.95 on Tuesday. The stock has a market cap of $12.15 billion, a PE ratio of 24.43, a P/E/G ratio of 1.66 and a beta of 1.60. The stock has a 50-day moving average price of $72.19 and a 200 day moving average price of $72.84. CarMax, Inc. has a 52 week low of $55.76 and a 52 week high of $87.50. The company has a current ratio of 2.45, a quick ratio of 0.71 and a debt-to-equity ratio of 3.01.

CarMax (NYSE:KMXGet Free Report) last posted its quarterly earnings data on Thursday, December 21st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.29 billion. CarMax had a return on equity of 7.72% and a net margin of 1.87%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts predict that CarMax, Inc. will post 2.88 earnings per share for the current fiscal year.

About CarMax

(Free Report)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

See Also

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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