BlackRock Amends CarMax Stake, Maintains Significant Ownership
Ticker: KMX · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of CarMax, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of CarMax Inc. common stock as of December 31, 2023. This is Amendment No. 9 to their previous filings, showing BlackRock continues to be a significant institutional holder of CarMax shares. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects, potentially influencing stock stability and investor sentiment.
Why It Matters
This filing confirms BlackRock's continued substantial investment in CarMax, which can be a positive signal for other investors and suggests institutional confidence in the used car retailer.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks for CarMax.
Analyst Insight
A smart investor would note BlackRock's continued institutional presence as a potential indicator of long-term stability for CarMax, but would also conduct their own due diligence on CarMax's fundamentals before making any investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- CARMAX INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 9 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in CarMax Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 9)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as clearly identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is CARMAX INC, as indicated under '(Name of Issuer) CARMAX INC' and in the 'SUBJECT COMPANY' section.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of CarMax Inc. is 143130102, as listed under '(CUSIP Number) 143130102'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-004862 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-004862 Filing Date 2024-01-26 Accepted 2024-01-26 17:26:50 Documents 1 Document Format Files Seq Description Document Type Size 1 us1431301027_012624.txt SC 13G/A 11966 Complete submission text file 0001086364-24-004862.txt 13770 Mailing Address 12800 TUCKAHOE CREEK PARKWAY RICHMOND VA 23238 Business Address 12800 TUCKAHOE CREEK PARKWAY RICHMOND VA 23238 (804) 747-0422 CARMAX INC (Subject) CIK : 0001170010 (see all company filings) EIN. : 541821055 | State of Incorp.: VA | Fiscal Year End: 0229 Type: SC 13G/A | Act: 34 | File No.: 005-78578 | Film No.: 24569216 SIC : 5500 Retail-Auto Dealers & Gasoline Stations (CF Office: 07 Trade & Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)