HBK Investments L P purchased a new position in shares of CarMax, Inc (NYSE:KMX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 140,976 shares of the company’s stock, valued at approximately $9,041,000. HBK Investments L P owned 0.08% of CarMax at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in CarMax during the 4th quarter worth $121,000. Tredje AP fonden purchased a new stake in CarMax during the 3rd quarter worth $144,000. Prime Capital Investment Advisors LLC purchased a new stake in CarMax during the 4th quarter worth $156,000. Virtue Capital Management LLC purchased a new stake in CarMax during the 4th quarter worth $169,000. Finally, Commerce Bank purchased a new stake in CarMax during the 3rd quarter worth $203,000.
Shares of CarMax, Inc (NYSE:KMX) opened at $62.62 on Wednesday. The firm has a market cap of $11,302.99, a PE ratio of 16.79, a PEG ratio of 0.95 and a beta of 1.61. CarMax, Inc has a 1 year low of $54.29 and a 1 year high of $77.64. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51.
In related news, SVP Darren C. Newberry sold 6,584 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total transaction of $478,064.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the sale, the executive vice president now directly owns 41,051 shares of the company’s stock, valued at approximately $2,946,640.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,584 shares of company stock valued at $4,605,664. Insiders own 1.90% of the company’s stock.
KMX has been the topic of several analyst reports. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price target on the stock in a research note on Monday, December 25th. Wedbush set a $81.00 price target on shares of CarMax and gave the stock a “buy” rating in a research note on Thursday, December 28th. Deutsche Bank dropped their price target on shares of CarMax from $84.00 to $76.00 and set a “hold” rating on the stock in a research note on Sunday, November 26th. TheStreet downgraded shares of CarMax from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, January 8th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CarMax currently has a consensus rating of “Buy” and a consensus price target of $80.14.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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