Van ECK Associates Corp Has $6.04 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Van ECK Associates Corp grew its position in CarMax, Inc. (NYSE:KMX) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,906 shares of the company’s stock after purchasing an additional 191 shares during the period. Van ECK Associates Corp’s holdings in CarMax were worth $6,042,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KMX. State Street Corp raised its holdings in CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares during the last quarter. Janus Henderson Group PLC raised its holdings in CarMax by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after purchasing an additional 28,466 shares during the last quarter. Geode Capital Management LLC raised its holdings in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after purchasing an additional 14,903 shares during the last quarter. FMR LLC raised its holdings in CarMax by 2,883.1% during the 3rd 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CarMax by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock worth $116,869,000 after purchasing an additional 11,865 shares during the last quarter.

Insider Activity at CarMax

In other news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now owns 227 shares in the company, 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 have sold a total of 264,467 shares of company stock valued at $21,915,445 over the last 90 days. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Up 1.5 %

Shares of CarMax stock opened at $88.91 on Tuesday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market capitalization of $13.67 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a 50-day simple moving average of $83.41 and a two-hundred day simple moving average of $79.85.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. On average, analysts anticipate that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMX. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and upped their price target for the company from $90.00 to $110.00 in a research note on Thursday, February 6th. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, CarMax presently has an average rating of “Hold” and an average price target of $87.50.

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.