Nomura Asset Management Co. Ltd. Acquires 428 Shares of CarMax, Inc. (NYSE:KMX)

Nomura Asset Management Co. Ltd. lifted its holdings in CarMax, Inc. (NYSE:KMX) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,801 shares of the company’s stock after acquiring an additional 428 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CarMax were worth $3,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMX. FMR LLC boosted its position in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CarMax by 26.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,178 shares of the company’s stock valued at $2,877,000 after purchasing an additional 7,795 shares in the last quarter. Public Sector Pension Investment Board grew its stake in CarMax by 13.4% in the third quarter. Public Sector Pension Investment Board now owns 6,753 shares of the company’s stock valued at $523,000 after purchasing an additional 800 shares during the last quarter. Paloma Partners Management Co purchased a new position in CarMax in the third quarter valued at about $394,000. Finally, Centiva Capital LP bought a new position in CarMax in the third quarter worth about $559,000.

CarMax Trading Up 1.0 %

Shares of NYSE:KMX opened at $78.74 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The business has a 50 day moving average of $80.42 and a two-hundred day moving average of $79.34. The company has a market capitalization of $12.11 billion, a PE ratio of 26.69, a PEG ratio of 1.67 and a beta of 1.76.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KMX. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Mizuho upped their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.64.

Insider Activity at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,649,771.80. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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. The trade was a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,709 shares of company stock worth $7,642,379 in 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.