CarMax, Inc. (NYSE:KMX) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in CarMax, Inc. (NYSE:KMX) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 8,591,297 shares of the company’s stock after buying an additional 282,519 shares during the period. Principal Financial Group Inc. owned about 0.06% of CarMax worth $702,425,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lakewood Asset Management LLC lifted its stake in CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after purchasing an additional 135 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. lifted its stake in CarMax by 1.6% during the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after purchasing an additional 170 shares in the last quarter.

Insiders Place Their Bets

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Nash sold 120,513 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of research reports. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Stephens started coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Finally, Mizuho upped their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus target price of $87.50.

CarMax Stock Performance

NYSE:KMX opened at $88.91 on Monday. The business’s fifty day moving average price is $83.38 and its 200 day moving average price is $79.80. The firm has a market capitalization of $13.67 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. 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 (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.22 earnings per share for the current fiscal 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.