Fairview Capital Investment Management LLC lifted its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 305,952 shares of the company's stock after buying an additional 14,590 shares during the quarter. CarMax makes up about 1.3% of Fairview Capital Investment Management LLC's portfolio, making the stock its 24th biggest position. Fairview Capital Investment Management LLC owned 0.20% of CarMax worth $25,015,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC increased its holdings in CarMax by 104.8% during 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 period. Allworth Financial LP increased its holdings in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the period. ST Germain D J Co. Inc. purchased a new position in CarMax during the 4th quarter worth $58,000. Colonial Trust Co SC increased its holdings in CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after purchasing an additional 693 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after purchasing an additional 480 shares during the period.
Insider Activity
In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction that occurred 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 acquisition, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This trade represents a 4.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.66% of the company's stock.
Wall Street Analysts Forecast Growth
KMX has been the topic of a number of analyst reports. Needham & Company LLC cut their price target on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a report on Monday, April 21st. Evercore ISI cut their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.73.
Check Out Our Latest Report on KMX
CarMax Stock Performance
Shares of KMX stock traded down $1.73 on Wednesday, hitting $67.83. The company had a trading volume of 2,287,966 shares, compared to its average volume of 2,138,099. The firm has a market cap of $10.36 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a 50-day moving average price of $70.46 and a 200-day moving average price of $77.95. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a twelve month low of $61.67 and a twelve month high of $91.25.
CarMax Company Profile
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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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