Mirae Asset Global Investments Co. Ltd. Buys 4,690 Shares of CarMax, Inc. (NYSE:KMX)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,303 shares of the company’s stock after purchasing an additional 4,690 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CarMax were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of CarMax by 30.2% in the 3rd quarter. CWM LLC now owns 23,150 shares of the company’s stock worth $1,791,000 after buying an additional 5,374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in CarMax by 418.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,239 shares of the company’s stock worth $96,000 after purchasing an additional 1,000 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of CarMax by 41.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,212 shares of the company’s stock valued at $558,000 after purchasing an additional 2,118 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of CarMax during the 3rd quarter valued at about $206,000. Finally, Procyon Advisors LLC increased its position in shares of CarMax by 2.6% during the 3rd quarter. Procyon Advisors LLC now owns 16,382 shares of the company’s stock valued at $1,268,000 after purchasing an additional 416 shares during the last quarter.

Insider Transactions at CarMax

In other CarMax news, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $983,292.26. The trade was a 46.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by insiders.

CarMax Trading Up 0.1 %

KMX stock opened at $85.37 on Tuesday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The business has a 50 day simple moving average of $83.15 and a two-hundred day simple moving average of $79.70. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. Research analysts anticipate that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Truist Financial boosted their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Mizuho boosted their price target on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus target price of $87.50.

CarMax Company 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.