CarMax, Inc. (NYSE:KMX) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in CarMax, Inc. (NYSE:KMX - Free Report) by 85.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,862 shares of the company's stock after purchasing an additional 5,480 shares during the quarter. Tower Research Capital LLC TRC's holdings in CarMax were worth $970,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. First Hawaiian Bank purchased a new position in shares of CarMax in the fourth quarter worth about $273,000. Sequoia Financial Advisors LLC raised its position in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock worth $261,000 after buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after acquiring an additional 1,396 shares during the period. World Investment Advisors LLC purchased a new stake in shares of CarMax in the 3rd quarter valued at $6,942,000. Finally, HF Advisory Group LLC increased its stake in shares of CarMax by 12.6% in the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after acquiring an additional 3,222 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI lowered their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Needham & Company LLC reduced their price target on CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Finally, Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.73.

Insider Activity

In other news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director now directly owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.66% of the company's stock.

CarMax Price Performance

NYSE KMX traded down $0.33 during trading hours on Tuesday, hitting $64.78. 2,785,876 shares of the company's stock traded hands, compared to its average volume of 2,097,984. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm's 50-day moving average is $73.83 and its 200-day moving average is $78.49. CarMax, Inc. has a 52-week low of $61.67 and a 52-week high of $91.25. The company has a market capitalization of $9.89 billion, a PE ratio of 21.96, a PEG ratio of 1.67 and a beta of 1.58.

About CarMax

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.