Numerai GP LLC Cuts Stock Position in CarMax, Inc. (NYSE:KMX)

Numerai GP LLC lowered its position in CarMax, Inc. (NYSE:KMX) by 32.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,109 shares of the company’s stock after selling 2,881 shares during the period. Numerai GP LLC’s holdings in CarMax were worth $499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp grew its position in shares of CarMax by 19.5% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,566 shares of the company’s stock worth $537,000 after buying an additional 1,073 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in CarMax in the 4th quarter worth approximately $1,176,000. Interval Partners LP boosted its stake in CarMax by 260.0% in the 4th quarter. Interval Partners LP now owns 80,000 shares of the company’s stock worth $6,541,000 after purchasing an additional 130,000 shares in the last quarter. Janus Henderson Group PLC boosted its stake in CarMax by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company’s stock worth $381,978,000 after purchasing an additional 29,715 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in shares of CarMax by 0.8% in the 4th quarter. Gotham Asset Management LLC now owns 118,907 shares of the company’s stock valued at $9,722,000 after acquiring an additional 951 shares during the last quarter.

CarMax Stock Performance

NYSE:KMX opened at $67.61 on Thursday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a fifty day moving average of $70.27 and a two-hundred day moving average of $77.88. The stock has a market capitalization of $10.32 billion, a PE ratio of 22.92, a P/E/G ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25.

Wall Street Analyst Weigh In

KMX has been the topic of several recent research reports. Cfra Research raised shares of CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Robert W. Baird dropped their price objective on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Needham & Company LLC dropped their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.73.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The stock was bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the transaction, the director now owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.66% of the stock is currently owned by company insiders.

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.