CarMax, Inc. (NYSE:KMX) Stock Holdings Increased by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,651 shares of the company's stock after acquiring an additional 33,882 shares during the period. Rhumbline Advisers owned about 0.21% of CarMax worth $25,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cromwell Holdings LLC increased its stake in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of CarMax in the 4th quarter valued at about $53,000. Allworth Financial LP grew its position in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $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% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after buying an additional 693 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of CarMax by 38.4% during the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company's stock valued at $73,000 after buying an additional 260 shares during the last quarter.

CarMax Stock Performance

KMX stock opened at $65.35 on Friday. The company has a market capitalization of $9.98 billion, a P/E ratio of 22.15, a PEG ratio of 1.67 and a beta of 1.45. The company has a 50-day simple moving average of $67.62 and a 200 day simple moving average of $76.70. CarMax, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMX. Wedbush restated an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research note on Monday, May 19th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Robert W. Baird reduced their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada restated 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $85.82.

Insider Transactions at CarMax

In other news, Director Mitchell D. Steenrod acquired 1,300 shares of the business's stock in a transaction dated 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 acquisition, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.70% of the company's stock.

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.

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