Triangle Securities Wealth Management Purchases 5,983 Shares of CarMax, Inc. (NYSE:KMX)

Triangle Securities Wealth Management raised its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 42.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,218 shares of the company's stock after acquiring an additional 5,983 shares during the period. Triangle Securities Wealth Management's holdings in CarMax were worth $1,575,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Cromwell Holdings LLC raised its position in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of CarMax during the fourth quarter valued at approximately $53,000. Allworth Financial LP grew its holdings in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares during the last quarter. Colonial Trust Co SC increased its stake in shares of CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares during the period. Finally, Parallel Advisors LLC boosted its position in 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 period.

CarMax Stock Down 0.9%

Shares of KMX traded down $0.57 during trading hours on Thursday, hitting $65.35. The company had a trading volume of 2,051,854 shares, compared to its average volume of 2,256,344. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.67 and a beta of 1.45. The firm has a fifty day moving average price of $67.88 and a 200-day moving average price of $76.78. 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.

Insider Transactions at CarMax

In related news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMX shares. Needham & Company LLC decreased their price objective 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. Robert W. Baird cut 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. JPMorgan Chase & Co. reduced their target price on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Finally, Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a report on Monday, May 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CarMax has an average rating of "Hold" and a consensus price target of $85.82.

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.