Dark Forest Capital Management LP Increases Stake in CarMax, Inc. (NYSE:KMX)

Dark Forest Capital Management LP lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 117.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,450 shares of the company's stock after acquiring an additional 4,027 shares during the quarter. Dark Forest Capital Management LP's holdings in CarMax were worth $609,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Cromwell Holdings LLC increased its position in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares during the period. Allworth Financial LP lifted its stake in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after acquiring an additional 249 shares during the period. ST Germain D J Co. Inc. purchased a new position in shares of CarMax during the fourth quarter worth $58,000. Farther Finance Advisors LLC boosted its stake in shares of CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after buying an additional 480 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of CarMax during the 4th quarter worth approximately $85,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on KMX shares. StockNews.com downgraded CarMax from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Wedbush reiterated an "outperform" rating and set a $90.00 price target on shares of CarMax in a research report on Monday, April 21st. Evercore ISI decreased their price objective 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. Robert W. Baird cut their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report 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. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $87.73.

CarMax Stock Down 0.5 %

Shares of NYSE:KMX traded down $0.33 on Tuesday, hitting $64.78. 2,785,876 shares of the company's stock were exchanged, compared to its average volume of 2,097,984. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25. The company has a market capitalization of $9.89 billion, a PE ratio of 21.96, a P/E/G ratio of 1.67 and a beta of 1.58. The firm's 50-day moving average is $73.83 and its 200 day moving average is $78.49.

Insiders Place Their Bets

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the business's stock in a transaction on Thursday, April 24th. The shares were bought at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the transaction, the director now directly owns 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is owned by corporate insiders.

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.