CarMax, Inc. (NYSE:KMX) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,725 shares of the company’s stock after purchasing an additional 1,343 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CarMax were worth $2,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMX. Norges Bank acquired a new position in shares of CarMax during the fourth quarter worth about $99,730,000. Wellington Management Group LLP lifted its stake in shares of CarMax by 29.4% during the first quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock worth $342,400,000 after purchasing an additional 805,438 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of CarMax by 674.3% during the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock worth $57,059,000 after purchasing an additional 702,526 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of CarMax by 2,311.1% during the third quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock worth $42,697,000 after purchasing an additional 578,622 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of CarMax by 119.1% in the first quarter. Two Sigma Investments LP now owns 769,249 shares of the company’s stock worth $49,447,000 after acquiring an additional 418,078 shares in the last quarter.

CarMax Stock Down 1.8 %

NYSE:KMX opened at $68.53 on Thursday. The firm has a market capitalization of $10.82 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The stock has a 50 day moving average of $78.66 and a 200-day moving average of $72.07. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. Analysts predict that CarMax, Inc. will post 3.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on KMX shares. Mizuho cut their price target on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Needham & Company LLC cut their price target on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Evercore ISI cut their price target on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Truist Financial lowered their price objective on CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.42.

Insider Activity

In other news, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at $357,849.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is currently owned by insiders.

CarMax Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.