Algert Global LLC Has $5.80 Million Position in CarMax, Inc. (NYSE:KMX)

Algert Global LLC raised its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1,341.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,896 shares of the company's stock after acquiring an additional 65,976 shares during the quarter. Algert Global LLC's holdings in CarMax were worth $5,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cromwell Holdings LLC boosted its position in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP grew its holdings in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax during the fourth quarter worth $58,000. Farther Finance Advisors LLC boosted its stake in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after buying an additional 480 shares during the period. Finally, BankPlus Trust Department purchased a new stake in shares of CarMax in the 4th quarter valued at approximately $85,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMX. JPMorgan Chase & Co. reduced their price objective 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. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $87.73.

CarMax Trading Down 0.4 %

Shares of CarMax stock traded down $0.26 during trading on Friday, hitting $66.29. The stock had a trading volume of 2,099,332 shares, compared to its average volume of 2,132,085. The stock has a 50 day simple moving average of $70.82 and a 200 day simple moving average of $77.95. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The company has a market capitalization of $10.12 billion, a PE ratio of 22.47, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Insider Buying and Selling at CarMax

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the transaction, the director now owns 33,577 shares in the company, valued at $2,198,957.73. The trade was a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.66% of the company's stock.

About CarMax

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.