State of Wisconsin Investment Board lessened its stake in shares of CarMax, Inc (NYSE:KMX) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,633 shares of the company’s stock after selling 3,454 shares during the quarter. State of Wisconsin Investment Board’s holdings in CarMax were worth $10,173,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in CarMax during the 4th quarter valued at $121,000. Tredje AP fonden acquired a new stake in CarMax during the 3rd quarter valued at $144,000. Commerce Bank acquired a new stake in CarMax during the 3rd quarter valued at $203,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of CarMax during the third quarter worth $206,000. Finally, IBM Retirement Fund acquired a new stake in shares of CarMax during the third quarter worth $208,000.
CarMax, Inc (KMX) opened at $62.76 on Monday. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. The firm has a market capitalization of $11,350.01, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.10 and a beta of 1.53. CarMax, Inc has a 52-week low of $54.29 and a 52-week high of $77.64.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $61.92, for a total value of $495,360.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Insiders sold a total of 74,584 shares of company stock worth $5,155,424 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.
Several research firms have recently issued reports on KMX. Wedbush restated an “outperform” rating and set a $81.00 price objective on shares of CarMax in a report on Wednesday, January 10th. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Oppenheimer restated a “hold” rating and set a $80.00 price objective on shares of CarMax in a report on Wednesday, December 6th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $79.68.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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