Prime Capital Investment Advisors LLC bought a new position in shares of CarMax, Inc (NYSE:KMX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,340 shares of the company’s stock, valued at approximately $94,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC lifted its holdings in CarMax by 35.3% during the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after buying an additional 188 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in CarMax by 0.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 37,683 shares of the company’s stock worth $2,364,000 after buying an additional 280 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in CarMax by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 31,900 shares of the company’s stock worth $2,225,000 after buying an additional 306 shares during the last quarter. First Bank & Trust lifted its holdings in CarMax by 14.9% during the 4th quarter. First Bank & Trust now owns 2,648 shares of the company’s stock worth $166,000 after buying an additional 343 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in CarMax by 4.6% during the 4th quarter. Wedbush Securities Inc. now owns 7,823 shares of the company’s stock worth $491,000 after buying an additional 345 shares during the last quarter.
Shares of KMX stock traded up $0.82 during mid-day trading on Thursday, hitting $78.53. 751,414 shares of the stock traded hands, compared to its average volume of 1,828,719. CarMax, Inc has a twelve month low of $55.24 and a twelve month high of $81.67. The stock has a market cap of $13.05 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.31. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.53 and a current ratio of 2.45.
A number of research firms have commented on KMX. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Monday, April 22nd. Morgan Stanley raised their price target on CarMax from $89.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Buckingham Research raised their price target on CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Credit Suisse Group raised their price target on CarMax from $75.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Finally, ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $82.36.
In related news, Director Thomas J. Folliard sold 360,006 shares of CarMax stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.18, for a total value of $25,625,227.08. Following the transaction, the director now directly owns 511,879 shares in the company, valued at approximately $36,435,547.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Diane L. Cafritz sold 3,484 shares of CarMax stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.04, for a total value of $247,503.36. Following the completion of the transaction, the senior vice president now owns 11,331 shares in the company, valued at $804,954.24. The disclosure for this sale can be found here. Insiders sold a total of 383,655 shares of company stock worth $27,437,638 over the last 90 days. Insiders own 1.97% of the company’s stock.
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CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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