CarMax, Inc. (NYSE:KMX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,862 shares of the company’s stock after selling 856 shares during the period. Mutual of America Capital Management LLC’s holdings in CarMax were worth $1,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its stake in shares of CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after acquiring an additional 37,660 shares in the last quarter. Fairview Capital Investment Management LLC grew its stake in CarMax by 7.0% during the 4th quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after purchasing an additional 16,438 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in CarMax during the 4th quarter worth approximately $5,637,000. State Board of Administration of Florida Retirement System raised its position in shares of CarMax by 10.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock valued at $16,238,000 after purchasing an additional 17,557 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of CarMax by 38.2% during the 1st quarter. Van ECK Associates Corp now owns 55,800 shares of the company’s stock valued at $4,861,000 after buying an additional 15,426 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of research analyst reports. Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Monday, June 24th. Morgan Stanley restated an “overweight” rating and issued a $80.00 target price on shares of CarMax in a research note on Friday, June 21st. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Tuesday, September 17th. Mizuho lowered their price objective on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Finally, Needham & Company LLC decreased their target price on CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.50.

CarMax Stock Up 4.9 %

Shares of CarMax stock opened at $78.17 on Friday. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.56 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The business’s 50 day simple moving average is $79.76 and its 200-day simple moving average is $76.40.

Insiders Place Their Bets

In other news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,690,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Insiders have sold 184,012 shares of company stock valued at $14,803,843 over the last three months. Company insiders own 1.66% of the company’s stock.

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.