Fox Run Management L.L.C. bought a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,581 shares of the company's stock, valued at approximately $702,000.
Several other hedge funds also recently added to or reduced their stakes in KMX. First Hawaiian Bank acquired a new position in shares of CarMax during the fourth quarter valued at about $273,000. Sequoia Financial Advisors LLC increased its stake in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp increased 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 purchasing an additional 1,396 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of CarMax during the third quarter worth $6,942,000. Finally, HF Advisory Group LLC grew its holdings in shares of CarMax by 12.6% during the fourth quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock valued at $2,354,000 after buying an additional 3,222 shares during the last quarter.
CarMax Price Performance
Shares of CarMax stock traded up $0.76 on Tuesday, hitting $74.30. The company's stock had a trading volume of 1,967,395 shares, compared to its average volume of 1,907,686. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 1 year low of $65.83 and a 1 year 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. The firm has a fifty day moving average price of $80.67 and a 200-day moving average price of $79.37.
Insider Buying and Selling at CarMax
In other CarMax news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares of the company's stock, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,709 shares of company stock valued at $8,495,379. Company insiders own 1.66% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Stephens assumed coverage on shares of CarMax in a research report on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price target for the company. Mizuho upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CarMax presently has an average rating of "Hold" and a consensus target price of $90.45.
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CarMax Profile
(
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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