CarMax, Inc. (NYSE:KMX) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 12.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,349 shares of the company’s stock after buying an additional 1,652 shares during the period. WINTON GROUP Ltd’s holdings in CarMax were worth $1,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. grew its position in shares of CarMax by 2.6% during the third quarter. Citigroup Inc. now owns 149,448 shares of the company’s stock worth $11,564,000 after buying an additional 3,738 shares in the last quarter. Cerity Partners LLC grew its holdings in CarMax by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 38,353 shares of the company’s stock worth $2,968,000 after acquiring an additional 21,528 shares in the last quarter. Larson Financial Group LLC increased its position in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of CarMax by 7.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 27,036 shares of the company’s stock valued at $2,092,000 after purchasing an additional 1,871 shares in the last quarter. Finally, FMR LLC grew its stake in CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after purchasing an additional 1,713,379 shares in the last quarter.

CarMax Stock Performance

Shares of KMX stock opened at $77.12 on Friday. 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 firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. The business has a 50 day simple moving average of $80.51 and a 200 day simple moving average of $79.32.

Analyst Ratings Changes

KMX has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday. Royal Bank of Canada raised their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Evercore ISI reduced their price target on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Mizuho boosted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, CarMax has a consensus rating of “Hold” and an average price target of $90.18.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,649,771.80. The trade was a 19.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,709 shares of company stock valued at $7,642,379. 1.66% of the stock is currently owned by corporate insiders.

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.