Arrowstreet Capital Limited Partnership Purchases New Shares in CarMax, Inc. (NYSE:KMX)

Arrowstreet Capital Limited Partnership purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 228,846 shares of the company's stock, valued at approximately $18,710,000. Arrowstreet Capital Limited Partnership owned approximately 0.15% of CarMax as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of KMX. Public Sector Pension Investment Board grew its stake in shares of CarMax by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 6,753 shares of the company's stock worth $523,000 after buying an additional 800 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of CarMax during the 3rd quarter valued at $559,000. Investment Management Corp of Ontario increased its holdings in CarMax by 48.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 5,193 shares of the company's stock worth $402,000 after purchasing an additional 1,700 shares in the last quarter. Royal London Asset Management Ltd. raised its position in CarMax by 2.6% in the third quarter. Royal London Asset Management Ltd. now owns 64,489 shares of the company's stock valued at $4,990,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Quarry LP raised its position in CarMax by 181.1% in the third quarter. Quarry LP now owns 1,175 shares of the company's stock valued at $91,000 after purchasing an additional 757 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KMX shares. Truist Financial upped their price objective on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, CarMax presently has an average rating of "Hold" and a consensus target price of $90.64.

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Insider Buying and Selling

In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares of the company's stock, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,723 shares of company stock worth $2,925,218 in the last ninety days. Corporate insiders own 1.66% of the company's stock.

CarMax Stock Down 2.8 %

KMX stock traded down $2.09 during trading on Monday, reaching $73.63. 4,275,840 shares of the stock were exchanged, compared to its average volume of 2,019,105. The firm has a market cap of $11.32 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The firm's 50 day moving average is $80.26 and its 200 day moving average is $79.33. 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 Profile

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.