Eisler Capital Management Ltd. Makes New Investment in CarMax, Inc. (NYSE:KMX)

Eisler Capital Management Ltd. purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,492 shares of the company's stock, valued at approximately $2,560,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its stake in CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after buying an additional 217 shares during the period. Allworth Financial LP increased its holdings in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of CarMax in the 4th quarter valued at approximately $58,000. Colonial Trust Co SC grew its holdings in shares of CarMax by 2,310.0% during the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after purchasing an additional 693 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares during the last quarter.

Insider Buying and Selling

In other news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction dated Thursday, April 24th. The shares were bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is owned by company insiders.

CarMax Stock Performance

KMX stock traded down $0.26 during trading on Friday, reaching $66.29. 2,099,332 shares of the stock were exchanged, compared to its average volume of 2,135,006. CarMax, Inc. has a twelve month low of $61.67 and a twelve month high of $91.25. The company has a market capitalization of $10.12 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The stock has a 50 day simple moving average of $70.82 and a 200-day simple moving average of $78.03. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Needham & Company LLC decreased their price target on CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Wedbush reaffirmed an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research report on Monday, April 21st. Finally, Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $87.73.

CarMax Company 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.