Handelsbanken Fonder AB Has $3.67 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Handelsbanken Fonder AB reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 63.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,900 shares of the company’s stock after selling 76,873 shares during the period. Handelsbanken Fonder AB’s holdings in CarMax were worth $3,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KMX. FMR LLC raised its holdings in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the period. Holocene Advisors LP raised its holdings in CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after buying an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after buying an additional 436,342 shares during the period. Principal Financial Group Inc. raised its holdings in CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after buying an additional 282,519 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of CarMax by 603.2% during the 4th quarter. Ieq Capital LLC now owns 110,691 shares of the company’s stock worth $9,050,000 after acquiring an additional 94,950 shares in the last quarter.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of CarMax stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

CarMax Price Performance

NYSE:KMX opened at $82.62 on Monday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a fifty day simple moving average of $83.39 and a 200 day simple moving average of $80.15. The stock has a market capitalization of $12.71 billion, a PE ratio of 28.01, a P/E/G ratio of 1.67 and a beta of 1.72.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the previous year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMX. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Mizuho raised their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Truist Financial raised their price target 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, Stephens began coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $87.50.

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.