Xponance Inc. Lowers Stock Holdings in CarMax, Inc. (NYSE:KMX)

Xponance Inc. cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,403 shares of the company’s stock after selling 949 shares during the quarter. Xponance Inc.’s holdings in CarMax were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its stake in shares of CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after acquiring an additional 37,660 shares during the last quarter. Fairview Capital Investment Management LLC increased its position in CarMax by 7.0% during the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock worth $19,302,000 after purchasing an additional 16,438 shares during the last quarter. Quadrature Capital Ltd acquired a new position in CarMax during the fourth quarter worth approximately $5,637,000. State Board of Administration of Florida Retirement System raised its stake in CarMax by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after purchasing an additional 17,557 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of CarMax by 38.2% in the 1st quarter. Van ECK Associates Corp now owns 55,800 shares of the company’s stock valued at $4,861,000 after purchasing an additional 15,426 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on KMX. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 target price on shares of CarMax in a research report on Friday, June 21st. Royal Bank of Canada lifted their price objective on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 24th. Needham & Company LLC dropped their target price on shares of CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Mizuho cut their price target on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Finally, StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.50.

CarMax Trading Up 4.9 %

NYSE KMX opened at $78.17 on Friday. The stock has a market cap of $12.20 billion, a P/E ratio of 30.54, a PEG ratio of 1.56 and a beta of 1.69. The company’s fifty day simple moving average is $79.76 and its 200-day simple moving average is $76.40. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22.

Insiders Place Their Bets

In other news, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now directly 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. In other CarMax news, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $14,465,600.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,690,899.60. The disclosure for this sale can be found here. Insiders have sold 184,012 shares of company stock worth $14,803,843 in the last quarter. 1.66% of the stock is owned by corporate insiders.

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.