Schonfeld Strategic Advisors LLC boosted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 109.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,597 shares of the company's stock after purchasing an additional 5,007 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in CarMax were worth $785,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after buying an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of CarMax by 348.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock worth $539,213,000 after purchasing an additional 5,122,850 shares in the last quarter. Norges Bank bought a new stake in shares of CarMax during the fourth quarter valued at approximately $423,187,000. Geode Capital Management LLC increased its position in shares of CarMax by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after purchasing an additional 47,058 shares during the period. Finally, Invesco Ltd. raised its stake in shares of CarMax by 1.0% in the fourth quarter. Invesco Ltd. now owns 2,729,965 shares of the company's stock valued at $223,202,000 after purchasing an additional 27,716 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Needham & Company LLC dropped their price target on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price objective on shares of CarMax in a report on Monday, April 21st. Robert W. Baird lowered their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Three equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CarMax currently has a consensus rating of "Hold" and an average price target of $87.73.
Check Out Our Latest Analysis on KMX
CarMax Trading Down 1.5%
CarMax stock traded down $1.02 during mid-day trading on Wednesday, hitting $68.54. The stock had a trading volume of 1,538,721 shares, compared to its average volume of 2,593,873. 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 12 month low of $61.67 and a 12 month high of $91.25. The stock has a market capitalization of $10.46 billion, a PE ratio of 23.23, a P/E/G ratio of 1.67 and a beta of 1.45. The stock has a 50-day simple moving average of $70.46 and a two-hundred day simple moving average of $77.95.
Insider Buying and Selling
In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The shares were 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. The trade was a 4.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.
CarMax Company Profile
(
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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