IFM Investors Pty Ltd Has $2.66 Million Stock Position in CarMax, Inc. (NYSE:KMX)

IFM Investors Pty Ltd increased its position in CarMax, Inc. (NYSE:KMX) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,521 shares of the company’s stock after buying an additional 557 shares during the period. IFM Investors Pty Ltd’s holdings in CarMax were worth $2,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProVise Management Group LLC raised its holdings in CarMax by 31.5% during the third quarter. ProVise Management Group LLC now owns 58,701 shares of the company’s stock worth $4,152,000 after buying an additional 14,052 shares during the last quarter. Montag A & Associates Inc. lifted its position in CarMax by 61.6% in the 3rd quarter. Montag A & Associates Inc. now owns 49,985 shares of the company’s stock valued at $3,535,000 after acquiring an additional 19,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in CarMax by 8.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 235,544 shares of the company’s stock valued at $18,076,000 after purchasing an additional 18,914 shares during the last quarter. Corient Private Wealth LLC increased its holdings in CarMax by 6.9% during the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company’s stock worth $66,080,000 after purchasing an additional 60,604 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock worth $207,843,000 after purchasing an additional 88,488 shares in the last quarter.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane L. Cafritz sold 15,356 shares of the 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 sale, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by insiders.

CarMax Stock Performance

Shares of CarMax stock traded up $0.37 on Friday, reaching $69.59. 2,625,796 shares of the company traded hands, compared to its average volume of 2,927,940. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The firm has a market capitalization of $10.95 billion, a PE ratio of 22.97, a PEG ratio of 1.16 and a beta of 1.61. The company has a 50 day moving average of $77.98 and a 200 day moving average of $72.10. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22.

CarMax (NYSE:KMX) last released 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). The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Equities analysts forecast that CarMax, Inc. will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KMX shares. StockNews.com upgraded CarMax to a “sell” rating in a report on Monday, April 22nd. Mizuho reduced their target price 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Evercore ISI cut their price target on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Finally, Needham & Company LLC decreased their price objective on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.42.

About CarMax

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.