CarMax, Inc. (NYSE:KMX) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,729,965 shares of the company's stock after purchasing an additional 27,716 shares during the period. Invesco Ltd. owned about 1.78% of CarMax worth $223,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lakewood Asset Management LLC increased its holdings in shares of CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after acquiring an additional 135 shares during the period. Arete Wealth Advisors LLC raised its stake in shares of CarMax by 4.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after buying an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of CarMax by 3.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock worth $383,000 after purchasing an additional 141 shares in the last quarter. Timber Creek Capital Management LLC boosted its holdings in CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock worth $4,709,000 after buying an additional 145 shares in the last quarter. Finally, Chemistry Wealth Management LLC lifted its position in shares of CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after acquiring an additional 164 shares during the period.

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Insider Activity

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares of the company's stock, valued at $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,878 shares of company stock valued at $1,872,699. Company insiders own 1.66% of the company's stock.

CarMax Trading Up 0.2 %

KMX stock traded up $0.15 during midday trading on Tuesday, reaching $67.65. 3,096,487 shares of the company's stock traded hands, compared to its average volume of 2,089,613. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a fifty-two week low of $63.23 and a fifty-two week high of $91.25. The business has a 50-day moving average price of $78.28 and a two-hundred day moving average price of $79.10. The company has a market capitalization of $10.40 billion, a P/E ratio of 22.93, a PEG ratio of 1.67 and a beta of 1.58.

Wall Street Analyst Weigh In

KMX has been the topic of a number of research analyst reports. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Evercore ISI decreased their price objective on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Truist Financial upped their target price on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada lowered their price target on CarMax from $103.00 to $80.00 and set an "outperform" rating for the company in a report on Friday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $87.73.

CarMax Company 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.