Farringdon Capital Ltd. Acquires Shares of 4,632 CarMax, Inc. (NYSE:KMX)

Farringdon Capital Ltd. acquired a new stake in CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,632 shares of the company's stock, valued at approximately $379,000.

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

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of research reports. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a report on Monday. 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. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Robert W. Baird reduced their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, StockNews.com downgraded shares of CarMax from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $87.73.

Insiders Place Their Bets

In related news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction on 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 in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.

CarMax Stock Performance

KMX stock traded up $1.42 during trading on Wednesday, reaching $66.47. The company had a trading volume of 965,405 shares, compared to its average volume of 2,090,105. The firm has a 50-day simple moving average of $75.69 and a 200-day simple moving average of $78.62. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a twelve month low of $61.67 and a twelve month high of $91.25. 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 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.