OLD National Bancorp IN Trims Position in CarMax, Inc. (NYSE:KMX)

OLD National Bancorp IN decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,016 shares of the company’s stock after selling 7,049 shares during the quarter. OLD National Bancorp IN’s holdings in CarMax were worth $16,193,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of the stock in a transaction 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 transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research note on Tuesday, April 16th. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Mizuho cut their price target on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Robert W. Baird dropped their target price on CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Finally, Bank of America lifted their target price on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.42.

CarMax Trading Up 0.6 %

NYSE:KMX traded up $0.43 during trading hours on Friday, reaching $68.34. 1,824,702 shares of the stock were exchanged, compared to its average volume of 2,773,667. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The business has a 50-day moving average of $78.42 and a two-hundred day moving average of $72.06. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.09 and a beta of 1.61.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts predict that CarMax, Inc. will post 3.3 EPS for the current year.

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.