Norinchukin Bank The Grows Stock Holdings in CarMax, Inc. (NYSE:KMX)

Norinchukin Bank The increased its position in CarMax, Inc. (NYSE:KMX) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,870 shares of the company’s stock after buying an additional 466 shares during the period. Norinchukin Bank The’s holdings in CarMax were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KMX. Cromwell Holdings LLC boosted its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the period. Allworth Financial LP lifted its holdings 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 purchasing an additional 249 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in CarMax in the 4th quarter worth approximately $58,000. Farther Finance Advisors LLC grew its holdings in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $82,000 after buying an additional 480 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of CarMax during the fourth quarter valued at approximately $85,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMX. StockNews.com lowered shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a report on Monday. Cfra Research raised CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Finally, Robert W. Baird reduced their price objective on CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.73.

CarMax Price Performance

CarMax stock opened at $65.09 on Wednesday. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25. 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 firm has a 50-day moving average price of $75.69 and a 200-day moving average price of $78.62. The firm has a market capitalization of $9.94 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.

Insider Buying and Selling

In other news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

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.