AQR Capital Management LLC Has $114.47 Million Position in CarMax, Inc. (NYSE:KMX)

AQR Capital Management LLC lifted its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 82.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400,012 shares of the company's stock after purchasing an additional 634,390 shares during the quarter. AQR Capital Management LLC owned 0.91% of CarMax worth $114,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of CarMax during the 3rd quarter valued at $1,587,000. World Investment Advisors LLC acquired a new stake in CarMax during the third quarter valued at $6,942,000. Wilmington Savings Fund Society FSB purchased a new position in CarMax in the third quarter valued at about $351,000. Tidal Investments LLC increased its position in CarMax by 141.8% in the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company's stock worth $1,007,000 after purchasing an additional 7,635 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company's stock worth $1,999,000 after purchasing an additional 9,509 shares in the last quarter.

CarMax Stock Performance

NYSE:KMX traded up $1.11 during mid-day trading on Friday, hitting $66.63. 2,086,358 shares of the company's stock traded hands, compared to its average volume of 2,109,418. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The firm has a 50 day moving average of $72.39 and a two-hundred day moving average of $78.20. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12 month low of $61.67 and a 12 month high of $91.25.

Insider Activity

In related news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the purchase, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KMX has been the topic of a number of research reports. Robert W. Baird dropped their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. StockNews.com lowered shares of CarMax from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Evercore ISI lowered their target price on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Needham & Company LLC reduced 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. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CarMax has an average rating of "Hold" and a consensus target price of $87.73.

CarMax 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.