Securian Asset Management Inc. Decreases Holdings in CarMax, Inc. (NYSE:KMX)

Securian Asset Management Inc. lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,326 shares of the company’s stock after selling 246 shares during the period. Securian Asset Management Inc.’s holdings in CarMax were worth $681,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC increased its holdings in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after buying an additional 217 shares during the last quarter. True Wealth Design LLC increased its holdings in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the last quarter. Allworth Financial LP increased its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of CarMax in the fourth quarter worth about $58,000. Finally, Larson Financial Group LLC increased its stake in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after purchasing an additional 353 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $84,873.50. This trade represents a 90.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock valued at $21,915,445 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the subject of several recent research reports. Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Needham & Company LLC lifted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.45.

CarMax Price Performance

KMX stock opened at $69.89 on Monday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The stock has a market cap of $10.75 billion, a PE ratio of 23.69, a P/E/G ratio of 1.67 and a beta of 1.76. The firm has a 50 day simple moving average of $81.77 and a two-hundred day simple moving average of $79.90.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

About CarMax

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.