Graham Capital Management L.P. purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,204 shares of the company's stock, valued at approximately $998,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock worth $702,425,000 after purchasing an additional 282,519 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in CarMax by 348.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after acquiring an additional 5,122,850 shares during the last quarter. Norges Bank bought a new stake in CarMax in the fourth quarter valued at about $423,187,000. Geode Capital Management LLC increased its holdings in shares of CarMax by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after acquiring an additional 47,058 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of CarMax by 4.3% during the 4th quarter. Baird Financial Group Inc. now owns 2,887,526 shares of the company's stock valued at $236,084,000 after acquiring an additional 119,666 shares in the last quarter.
CarMax Price Performance
Shares of NYSE KMX traded up $0.98 during mid-day trading on Monday, reaching $68.23. The company had a trading volume of 517,871 shares, compared to its average volume of 2,148,265. The company has a 50-day moving average price of $70.04 and a two-hundred day moving average price of $77.85. The stock has a market cap of $10.42 billion, a PE ratio of 23.11, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25.
Analyst Ratings Changes
Several brokerages have weighed in on KMX. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Robert W. Baird reduced their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Evercore ISI lowered 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. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $87.73.
Check Out Our Latest Stock Analysis on KMX
Insider Buying and Selling
In other news, Director Mitchell D. Steenrod bought 1,300 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.
CarMax 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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