CarMax, Inc. (NYSE:KMX) Stake Increased by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,300 shares of the company's stock after acquiring an additional 107,400 shares during the period. Two Sigma Advisers LP owned 0.50% of CarMax worth $63,143,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC raised its stake in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP lifted its holdings in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after buying an additional 249 shares during the last quarter. Colonial Trust Co SC grew its position in shares of CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after acquiring an additional 693 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of CarMax by 123.8% in the 4th quarter. True Wealth Design LLC now owns 996 shares of the company's stock valued at $81,000 after acquiring an additional 551 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after acquiring an additional 480 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KMX shares. Evercore ISI decreased their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Robert W. Baird cut their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wedbush restated an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research note on Monday. Finally, Stephens upgraded 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 report on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $87.73.

CarMax Stock Up 1.0%

KMX opened at $67.91 on Tuesday. The stock's 50 day moving average price is $69.94 and its 200 day moving average price is $77.82. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock has a market cap of $10.37 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 12 month low of $61.67 and a 12 month high of $91.25.

Insider Transactions at CarMax

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now directly owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company's stock.

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.

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.