ExodusPoint Capital Management LP Boosts Stock Position in CarMax, Inc. (NYSE:KMX)

ExodusPoint Capital Management LP boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 26.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,863 shares of the company’s stock after acquiring an additional 29,427 shares during the quarter. ExodusPoint Capital Management LP owned 0.09% of CarMax worth $11,353,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock valued at $702,425,000 after purchasing an additional 282,519 shares in the last quarter. State Street Corp grew its stake in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after acquiring an additional 36,959 shares in the last quarter. Norges Bank purchased a new stake in shares of CarMax during the fourth quarter worth $423,187,000. Geode Capital Management LLC raised its stake in shares of CarMax by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company’s stock valued at $302,564,000 after acquiring an additional 47,058 shares in the last quarter. Finally, First Pacific Advisors LP boosted its holdings in CarMax by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock valued at $195,984,000 after purchasing an additional 13,487 shares during the period.

Analyst Upgrades and Downgrades

KMX has been the topic of several recent research reports. Needham & Company LLC upped their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Mizuho lifted 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. Royal Bank of Canada increased their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Evercore ISI decreased their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.64.

CarMax Price Performance

Shares of NYSE KMX opened at $75.66 on Friday. The stock has a market cap of $11.64 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The stock has a 50 day moving average of $80.26 and a two-hundred day moving average of $79.32. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

Insider Activity

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,723 shares of company stock valued at $2,925,218 in the last ninety days. 1.66% of the stock is currently owned by company insiders.

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.