CarMax, Inc. (NYSE:KMX) Shares Sold by Numerai GP LLC

Numerai GP LLC trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 32.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,109 shares of the company’s stock after selling 2,881 shares during the period. Numerai GP LLC’s holdings in CarMax were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. OMERS ADMINISTRATION Corp raised its position in shares of CarMax by 19.5% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,566 shares of the company’s stock valued at $537,000 after buying an additional 1,073 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of CarMax in the fourth quarter valued at about $1,176,000. Interval Partners LP raised its position in shares of CarMax by 260.0% in the fourth quarter. Interval Partners LP now owns 80,000 shares of the company’s stock valued at $6,541,000 after buying an additional 130,000 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of CarMax by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company’s stock valued at $381,978,000 after buying an additional 29,715 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of CarMax by 0.8% in the fourth quarter. Gotham Asset Management LLC now owns 118,907 shares of the company’s stock valued at $9,722,000 after buying an additional 951 shares during the last quarter.

CarMax Trading Down 2.8%

Shares of KMX stock opened at $67.61 on Thursday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm has a market cap of $10.32 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a 50-day moving average of $70.27 and a two-hundred day moving average of $77.88. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMX. Robert W. Baird reduced their target price on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 7th. Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a report on Monday, April 21st. Finally, Cfra Research raised shares of CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.73.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by insiders.

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.