American Century Companies Inc. Increases Stock Position in CarMax, Inc. (NYSE:KMX)

American Century Companies Inc. boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,168,992 shares of the company’s stock after buying an additional 235,805 shares during the quarter. American Century Companies Inc. owned approximately 0.76% of CarMax worth $95,577,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMX. True Wealth Design LLC grew 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 valued at $34,000 after acquiring an additional 436 shares during the period. Cromwell Holdings LLC grew its position in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the period. Allworth Financial LP increased its stake in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the 4th quarter worth about $58,000.

CarMax Price Performance

CarMax stock opened at $73.51 on Tuesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a 50-day moving average price of $80.77 and a 200 day moving average price of $79.40. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The stock has a market cap of $11.31 billion, a P/E ratio of 24.92, a PEG ratio of 1.67 and a beta of 1.76.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KMX shares. Royal Bank of Canada lifted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock 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 for the company. Evercore ISI lowered their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $90.45.

Insider Transactions at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,709 shares of company stock worth $8,495,379 in the last 90 days. Insiders own 1.66% of the company’s stock.

About CarMax

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.