Landscape Capital Management L.L.C. Makes New $1.11 Million Investment in CarMax, Inc. (NYSE:KMX)

Landscape Capital Management L.L.C. purchased a new stake in CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,560 shares of the company’s stock, valued at approximately $1,109,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cromwell Holdings LLC increased its position in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP raised its stake in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in CarMax in the fourth quarter worth about $58,000. Farther Finance Advisors LLC grew its stake in shares of CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after acquiring an additional 480 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in CarMax during the 4th quarter valued at approximately $85,000.

CarMax Price Performance

Shares of KMX stock opened at $75.66 on Friday. The firm’s 50-day moving average is $80.26 and its two-hundred day moving average is $79.32. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company has a market capitalization of $11.64 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76.

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Evercore ISI cut their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $90.64.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business’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 value of $411,820.02. Following the sale, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Shamim sold 12,845 shares of CarMax stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the completion of the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $961,811.72. The trade was a 52.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,723 shares of company stock valued at $2,925,218 over the last quarter. 1.66% of the stock is owned by 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.