CarMax, Inc. (NYSE:KMX) Shares Bought by Nixon Capital LLC

Nixon Capital LLC increased its position in shares of CarMax, Inc. (NYSE:KMX) by 56.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,749 shares of the company’s stock after acquiring an additional 81,342 shares during the quarter. CarMax comprises about 5.7% of Nixon Capital LLC’s investment portfolio, making the stock its 6th largest position. Nixon Capital LLC owned approximately 0.15% of CarMax worth $17,669,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KMX. Public Sector Pension Investment Board grew its holdings in CarMax by 13.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,753 shares of the company’s stock worth $523,000 after acquiring an additional 800 shares during the period. Royal London Asset Management Ltd. grew its stake in shares of CarMax by 2.6% during the third quarter. Royal London Asset Management Ltd. now owns 64,489 shares of the company’s stock worth $4,990,000 after purchasing an additional 1,646 shares during the period. Quantinno Capital Management LP increased its holdings in CarMax by 150.6% in the third quarter. Quantinno Capital Management LP now owns 8,734 shares of the company’s stock valued at $676,000 after purchasing an additional 5,249 shares during the last quarter. State Street Corp lifted its stake in CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after buying an additional 36,959 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of CarMax during the 3rd quarter worth about $1,603,000.

Insider Activity

In related news, VP Jill A. Livesay sold 13,009 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares in the company, 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 have sold 35,723 shares of company stock worth $2,925,218 over the last ninety days. Insiders own 1.66% of the company’s stock.

CarMax Stock Down 2.8 %

Shares of CarMax stock opened at $73.63 on Tuesday. The firm has a market cap of $11.32 billion, a PE ratio of 24.96, a P/E/G ratio of 1.67 and a beta of 1.58. The business’s 50 day simple moving average is $80.04 and its 200 day simple moving average is $79.31. 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 52-week low of $65.83 and a 52-week high of $91.25.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KMX shares. Royal Bank of Canada increased their price target 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. Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of CarMax in a report on Tuesday, April 1st. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.64.

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.