Raiffeisen Bank International AG acquired a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,897 shares of the company's stock, valued at approximately $976,000.
A number of other hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB increased its holdings in shares of CarMax by 3.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after purchasing an additional 141 shares during the last quarter. Timber Creek Capital Management LLC grew its holdings in CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after buying an additional 145 shares in the last quarter. Chemistry Wealth Management LLC increased its stake in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock worth $999,000 after acquiring an additional 164 shares during the last quarter. Cypress Wealth Services LLC raised its holdings in shares of CarMax by 5.2% during the 4th quarter. Cypress Wealth Services LLC now owns 3,614 shares of the company's stock worth $295,000 after acquiring an additional 179 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of CarMax by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 73,906 shares of the company's stock valued at $6,042,000 after acquiring an additional 191 shares during the last quarter.
Insiders Place Their Bets
In related news, Director Mitchell D. Steenrod bought 1,300 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was purchased 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 owns 33,577 shares in the company, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.
CarMax Trading Down 0.5%
KMX traded down $0.32 during mid-day trading on Thursday, hitting $63.02. 909,604 shares of the stock were exchanged, compared to its average volume of 2,163,615. The firm's fifty day moving average is $69.76 and its two-hundred day moving average is $77.64. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25. The company has a market cap of $9.62 billion, a PE ratio of 21.35, a PEG 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.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on KMX. JPMorgan Chase & Co. cut their price objective on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research note on Monday. Stephens raised shares of 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 research report on Wednesday, March 26th. Wall Street Zen upgraded CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CarMax has a consensus rating of "Hold" and an average target price of $87.73.
View Our Latest Report on KMX
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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