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

Handelsbanken Fonder AB trimmed its position in CarMax, Inc. (NYSE:KMX) by 63.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,900 shares of the company’s stock after selling 76,873 shares during the quarter. Handelsbanken Fonder AB’s holdings in CarMax were worth $3,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KMX. First Hawaiian Bank acquired a new position in CarMax during the 4th quarter valued at $273,000. World Investment Advisors LLC acquired a new position in CarMax during the 3rd quarter valued at $6,942,000. Sumitomo Mitsui Trust Group Inc. raised its stake in CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter. HF Advisory Group LLC raised its stake in CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in CarMax during the 4th quarter valued at $600,000.

Insider Transactions at CarMax

In other CarMax 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 sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by insiders.

CarMax Stock Down 3.5 %

KMX opened at $82.62 on Monday. The firm’s 50-day simple moving average is $83.39 and its 200-day simple moving average is $80.15. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.67 and a beta of 1.72.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on KMX shares. JPMorgan Chase & Co. upped their target price on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Stephens started coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Needham & Company LLC boosted their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.