CarMax, Inc. (NYSE:KMX) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in CarMax, Inc. (NYSE:KMX) by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,800 shares of the company’s stock after buying an additional 5,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CarMax were worth $1,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KMX. Catalyst Capital Advisors LLC acquired a new stake in CarMax in the 3rd quarter worth about $32,000. True Wealth Design LLC boosted its stake in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the last quarter. Cromwell Holdings LLC boosted its stake in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP boosted its stake in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares during the last quarter.

CarMax Stock Performance

CarMax stock opened at $82.47 on Thursday. The stock’s 50 day moving average price is $83.34 and its 200 day moving average price is $80.27. The firm has a market capitalization of $12.68 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. 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 one year low of $65.83 and a one year high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm 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%. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. As a group, sell-side analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, CEO William D. Nash sold 120,513 shares of CarMax stock in a transaction that occurred on 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 directly owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at $983,292.26. This represents a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 in the last three months. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and raised 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 note on Friday, December 20th. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Stephens initiated coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, CarMax currently has a consensus rating of “Hold” and an average target price of $87.50.

CarMax Company 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.