MassMutual Private Wealth & Trust FSB Has $12.81 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

MassMutual Private Wealth & Trust FSB raised its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,346 shares of the company's stock after buying an additional 8,348 shares during the quarter. MassMutual Private Wealth & Trust FSB owned about 0.11% of CarMax worth $12,806,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Centaurus Financial Inc. raised its stake in CarMax by 32.1% during the 4th quarter. Centaurus Financial Inc. now owns 9,969 shares of the company's stock valued at $815,000 after purchasing an additional 2,422 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of CarMax during the 4th quarter worth about $1,131,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of CarMax during the fourth quarter valued at about $8,848,000. Ameriflex Group Inc. acquired a new position in shares of CarMax during the fourth quarter valued at about $53,000. Finally, Ascent Group LLC grew its position in CarMax by 7.0% during the fourth quarter. Ascent Group LLC now owns 54,315 shares of the company's stock worth $4,441,000 after buying an additional 3,530 shares in the last quarter.

CarMax Price Performance

CarMax stock traded up $1.43 during mid-day trading on Friday, hitting $64.43. 13,812,493 shares of the company were exchanged, compared to its average volume of 2,248,674. The business has a fifty day moving average of $68.51 and a 200 day moving average of $77.04. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $9.84 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 1-year low of $61.34 and a 1-year high of $91.25.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KMX. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Robert W. Baird lowered their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and an average price target of $85.82.

Insider Transactions at CarMax

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were bought 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 owns 33,577 shares of the company's stock, 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 SEC, which is available through this hyperlink. 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.