State of New Jersey Common Pension Fund D Has $4.53 Million Stock Position in CarMax, Inc. (NYSE:KMX)

State of New Jersey Common Pension Fund D lessened its stake in CarMax, Inc. (NYSE:KMX) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 55,443 shares of the company’s stock after selling 2,182 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CarMax were worth $4,533,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KMX. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter worth approximately $32,000. True Wealth Design LLC boosted its position in CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares during the last quarter. Allworth Financial LP increased its stake in shares of CarMax by 62.7% in the 4th 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 period. Larson Financial Group LLC raised its position in shares of CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of CarMax during the fourth quarter valued at $58,000.

CarMax Stock Performance

KMX stock opened at $87.43 on Thursday. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a market cap of $13.45 billion, a PE ratio of 29.64, a P/E/G ratio of 1.74 and a beta of 1.72. The business’s 50-day moving average price is $83.48 and its two-hundred day moving average price is $79.98.

CarMax (NYSE:KMX) last released its quarterly earnings data 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the business posted $0.52 EPS. CarMax’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts forecast that CarMax, Inc. will post 3.22 earnings per share for the current year.

Insider Activity

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of CarMax 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 owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the company’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 transaction, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock worth $21,915,445 over the last quarter. 1.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research reports. Stephens initiated coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Truist Financial raised their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC raised their price objective on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.