Focus Partners Wealth increased its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 90.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,783 shares of the company's stock after buying an additional 9,878 shares during the period. Focus Partners Wealth's holdings in CarMax were worth $1,699,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of KMX. Cromwell Holdings LLC raised its position in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP lifted its holdings in CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after acquiring an additional 249 shares during the period. Colonial Trust Co SC grew its stake in shares of CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after purchasing an additional 693 shares during the period. Farther Finance Advisors LLC raised its position in CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after acquiring an additional 480 shares during the period. Finally, BankPlus Trust Department bought a new position in CarMax in the fourth quarter worth approximately $85,000.
CarMax Price Performance
CarMax stock traded down $1.22 during mid-day trading on Tuesday, reaching $66.75. 2,555,291 shares of the company's stock traded hands, compared to its average volume of 2,158,007. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a 50 day moving average of $69.94 and a two-hundred day moving average of $77.82. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.67 and a beta of 1.45.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Wedbush reissued an "outperform" rating and set a $90.00 price target on shares of CarMax in a report on Monday. StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Needham & Company LLC reduced their price objective on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Finally, Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CarMax presently has an average rating of "Hold" and a consensus price target of $87.73.
View Our Latest Stock Analysis on CarMax
Insider Buying and Selling at CarMax
In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, the director now directly owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company's stock.
About CarMax
(
Free Report)
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.
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