13,839 Shares in CarMax, Inc. (NYSE:KMX) Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH acquired a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,839 shares of the company's stock, valued at approximately $1,131,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB boosted its position in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after purchasing an additional 141 shares in the last quarter. Timber Creek Capital Management LLC boosted its position in CarMax by 0.3% during the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp boosted its position in CarMax by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 73,906 shares of the company's stock valued at $6,042,000 after purchasing an additional 191 shares in the last quarter. Forsta AP Fonden boosted its position in CarMax by 0.6% during the fourth quarter. Forsta AP Fonden now owns 34,800 shares of the company's stock valued at $2,845,000 after purchasing an additional 200 shares in the last quarter. Finally, Keystone Financial Services boosted its position in CarMax by 1.7% during the fourth quarter. Keystone Financial Services now owns 12,097 shares of the company's stock valued at $989,000 after purchasing an additional 206 shares in the last quarter.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $65.49 per share, with a total value of $85,137.00. Following the purchase, the director now directly owns 33,577 shares in the company, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Cfra Research raised CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Evercore ISI lowered their price target on CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday. Robert W. Baird lowered their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Needham & Company LLC lowered 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. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.82.

CarMax Stock Performance

Shares of CarMax stock traded up $1.43 on Friday, reaching $64.43. 13,812,493 shares of the stock were exchanged, compared to its average volume of 2,248,673. CarMax, Inc. has a twelve month low of $61.34 and a twelve month high of $91.25. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 1.67 and a beta of 1.45. The business has a 50 day moving average price of $68.51 and a two-hundred day moving average price 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.

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.