Liberty Wealth Management LLC acquired a new position in CarMax, Inc (NYSE:KMX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 569 shares of the company’s stock, valued at approximately $39,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Highland Capital Management LLC bought a new position in CarMax during the first quarter valued at approximately $1,174,000. IFM Investors Pty Ltd raised its position in CarMax by 14.5% in the first quarter. IFM Investors Pty Ltd now owns 12,226 shares of the company’s stock worth $853,000 after acquiring an additional 1,547 shares during the period. Wedbush Securities Inc. raised its position in CarMax by 15.0% in the first quarter. Wedbush Securities Inc. now owns 8,993 shares of the company’s stock worth $628,000 after acquiring an additional 1,170 shares during the period. Nisa Investment Advisors LLC raised its position in CarMax by 0.3% in the first quarter. Nisa Investment Advisors LLC now owns 103,518 shares of the company’s stock worth $7,226,000 after acquiring an additional 300 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new position in CarMax in the first quarter worth approximately $94,000.
Shares of NYSE:KMX traded up $0.54 on Friday, reaching $79.07. The company’s stock had a trading volume of 1,454,449 shares, compared to its average volume of 1,279,289. CarMax, Inc has a 52-week low of $55.24 and a 52-week high of $81.67. The stock has a market capitalization of $13.14 billion, a P/E ratio of 16.51, a PEG ratio of 1.26 and a beta of 1.31. The company has a quick ratio of 0.53, a current ratio of 2.45 and a debt-to-equity ratio of 4.11.
Several research analysts have weighed in on KMX shares. Wedbush downgraded shares of CarMax from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $60.00 in a research report on Friday, January 18th. ValuEngine cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Zacks Investment Research cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $83.00 to $93.00 in a research note on Monday, April 1st. Finally, Buckingham Research increased their price objective on shares of CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and an average price target of $82.36.
In related news, SVP Diane L. Cafritz sold 3,484 shares of CarMax stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total transaction of $247,503.36. Following the completion of the sale, the senior vice president now owns 11,331 shares in the company, valued at approximately $804,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the sale, the executive vice president now owns 35,160 shares of the company’s stock, valued at approximately $2,733,338.40. The disclosure for this sale can be found here. Insiders sold a total of 383,655 shares of company stock valued at $27,437,638 in the last 90 days. Company insiders own 1.97% of the company’s stock.
CarMax Company Profile
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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