First Hawaiian Bank Raises Stock Position in CarMax, Inc. (NYSE:KMX)

First Hawaiian Bank grew its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 118.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,307 shares of the company's stock after buying an additional 3,968 shares during the quarter. First Hawaiian Bank's holdings in CarMax were worth $569,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cromwell Holdings LLC increased its stake in shares of 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 buying an additional 217 shares during the period. Allworth Financial LP boosted its holdings in 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 acquiring an additional 249 shares in the last quarter. Ameriflex Group Inc. bought a new stake in CarMax in the fourth quarter valued at $53,000. Colonial Trust Co SC increased its position in 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 purchasing an additional 693 shares during the period. Finally, True Wealth Design LLC raised its holdings in CarMax by 123.8% in the 4th quarter. True Wealth Design LLC now owns 996 shares of the company's stock worth $81,000 after purchasing an additional 551 shares in the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the acquisition, the director now owns 33,577 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KMX shares. Needham & Company LLC reduced their price target on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI reduced their target price on CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, Robert W. Baird reduced their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.82.

CarMax Stock Up 0.1%

Shares of KMX traded up $0.05 during trading hours on Wednesday, hitting $66.30. The company had a trading volume of 647,836 shares, compared to its average volume of 2,247,484. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.67 and a beta of 1.45. The firm has a fifty day moving average price of $68.07 and a 200-day moving average price of $76.85. CarMax, Inc. has a 52-week low of $61.34 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

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.