CarMax, Inc. (NYSE:KMX) Shares Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its position in CarMax, Inc. (NYSE:KMX) by 8.5% in the 2nd quarter, Holdings Channel reports. The firm owned 43,607 shares of the company’s stock after acquiring an additional 3,405 shares during the quarter. Maverick Capital Ltd.’s holdings in CarMax were worth $3,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morningstar Investment Services LLC grew its holdings in shares of CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after buying an additional 1,326,840 shares in the last quarter. DAVENPORT & Co LLC grew its stake in CarMax by 1,327.3% during the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock valued at $89,070,000 after acquiring an additional 951,558 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in CarMax by 3,094.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after acquiring an additional 577,685 shares during the last quarter. Marshall Wace LLP raised its holdings in CarMax by 87.6% in the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after acquiring an additional 541,967 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in CarMax by 5,711.9% in the 4th quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock worth $32,781,000 after purchasing an additional 419,826 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on KMX shares. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Tuesday, September 17th. Morgan Stanley reissued an “overweight” rating and set a $80.00 price target on shares of CarMax in a research report on Friday, June 21st. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Finally, StockNews.com upgraded shares of CarMax to a “sell” rating in a report on Friday, July 26th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.50.

Insider Transactions at CarMax

In related news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $965,567.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction that occurred 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 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 can be accessed through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The disclosure for this sale can be found here. Insiders sold a total of 184,012 shares of company stock worth $14,803,843 over the last ninety days. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

NYSE:KMX opened at $78.17 on Friday. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The company has a 50 day moving average price of $79.76 and a 200 day moving average price of $76.40. The stock has a market capitalization of $12.20 billion, a P/E ratio of 30.54, a PEG ratio of 1.56 and a beta of 1.69.

CarMax 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.