B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 128.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,793 shares of the company's stock after purchasing an additional 4,947 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in CarMax were worth $719,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in KMX. Cromwell Holdings LLC boosted its stake in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the fourth quarter worth approximately $58,000. Farther Finance Advisors LLC grew its holdings in CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the period. Finally, BankPlus Trust Department acquired a new position in CarMax during the fourth quarter worth approximately $85,000.
Insider Buying and Selling
In other news, EVP Mohammad Shamim sold 12,845 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total value of $1,052,519.30. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at approximately $961,811.72. This represents a 52.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,723 shares of company stock worth $2,925,218. 1.66% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Royal Bank of Canada increased their target price on CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of CarMax in a report on Tuesday, April 1st. Truist Financial boosted their target price on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Finally, Evercore ISI reduced their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $90.64.
Check Out Our Latest Stock Report on CarMax
CarMax Stock Down 3.2 %
KMX stock traded down $2.42 during trading on Monday, reaching $73.30. The stock had a trading volume of 2,552,766 shares, compared to its average volume of 2,012,367. The firm has a fifty day moving average price of $80.26 and a 200 day moving average price of $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. The company has a market capitalization of $11.27 billion, a P/E ratio of 24.91, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.
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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