CarMax, Inc. (NYSE:KMX) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 76.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,695 shares of the company's stock after buying an additional 15,000 shares during the period. ProShare Advisors LLC's holdings in CarMax were worth $2,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Sequoia Financial Advisors LLC grew its holdings in shares of CarMax by 10.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock worth $261,000 after buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp lifted its position in CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock worth $426,000 after acquiring an additional 1,396 shares during the period. Merit Financial Group LLC purchased a new position in shares of CarMax in the 4th quarter valued at approximately $600,000. Principal Financial Group Inc. increased its holdings in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after purchasing an additional 282,519 shares during the period. Finally, Greenup Street Wealth Management LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $1,910,000.

Insider Transactions at CarMax

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KMX shares. Needham & Company LLC decreased their price target on CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a report on Friday, April 11th. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Wedbush reiterated an "outperform" rating and set a $90.00 price target on shares of CarMax in a research note on Monday, May 19th. 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. Finally, Cfra Research raised CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CarMax has a consensus rating of "Hold" and an average price target of $87.73.

CarMax Price Performance

KMX traded down $0.91 during midday trading on Monday, reaching $62.32. 3,156,872 shares of the company's stock were exchanged, compared to its average volume of 2,186,132. CarMax, Inc. has a 1-year low of $61.34 and a 1-year high of $91.25. The stock has a market capitalization of $9.51 billion, a PE ratio of 21.12, a P/E/G ratio of 1.67 and a beta of 1.45. 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 business's 50-day moving average price is $69.43 and its 200 day moving average price is $77.51.

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.