Primecap Management Co. CA Lowers Stock Holdings in CarMax, Inc. (NYSE:KMX)

Primecap Management Co. CA reduced its holdings in CarMax, Inc. (NYSE:KMX) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,587,871 shares of the company’s stock after selling 117,880 shares during the quarter. Primecap Management Co. CA owned approximately 3.54% of CarMax worth $428,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KMX. Norges Bank acquired a new position in CarMax during the fourth quarter worth approximately $288,278,000. American Century Companies Inc. increased its holdings in shares of CarMax by 674.3% during the 3rd quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock worth $57,059,000 after buying an additional 702,526 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of CarMax by 2,311.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock worth $42,697,000 after buying an additional 578,622 shares during the period. Envestnet Asset Management Inc. boosted its holdings in CarMax by 38.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company’s stock valued at $82,154,000 after acquiring an additional 323,652 shares during the last quarter. Finally, Barclays PLC grew its position in CarMax by 95.7% during the third quarter. Barclays PLC now owns 589,759 shares of the company’s stock valued at $41,713,000 after acquiring an additional 288,350 shares during the period.

Insider Buying and Selling at CarMax

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on KMX shares. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Tuesday, April 9th. Mizuho decreased their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Evercore ISI cut their target price on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. Bank of America lifted their target price on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and a consensus target price of $77.42.

CarMax Stock Up 1.4 %

Shares of NYSE:KMX traded up $0.95 during trading on Friday, hitting $69.88. The company’s stock had a trading volume of 733,777 shares, compared to its average volume of 1,984,410. The company has a market capitalization of $11.00 billion, a PE ratio of 23.06, a PEG ratio of 1.33 and a beta of 1.64. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The stock’s 50-day moving average price is $75.21 and its two-hundred day moving average price is $72.99.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that CarMax, Inc. will post 3.12 EPS for the current 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.