CarMax, Inc. (NYSE:KMX) Holdings Increased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,075 shares of the company’s stock after acquiring an additional 1,238 shares during the period. NEOS Investment Management LLC’s holdings in CarMax were worth $497,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. State Street Corp raised its stake in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after buying an additional 36,959 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after buying an additional 28,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares during the period. Finally, First Pacific Advisors LP boosted its stake in CarMax by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company’s stock valued at $195,984,000 after buying an additional 13,487 shares in the last quarter.

Insider Activity

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now directly owns 22,803 shares of the company’s stock, valued at $1,855,024.05. This trade represents a 71.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock worth $7,642,379 in the last 90 days. Company insiders own 1.66% of the company’s stock.

CarMax Stock Down 1.3 %

Shares of CarMax stock opened at $75.92 on Monday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a market cap of $11.68 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.67 and a beta of 1.76. 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 stock has a 50-day moving average price of $80.45 and a 200 day moving average price of $79.33.

Analyst Ratings Changes

KMX has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. 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 report on Friday, December 20th. Evercore ISI cut their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Needham & Company LLC lifted their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $90.18.

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.