UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $136.74 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,672,485 shares of the company's stock after acquiring an additional 162,160 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.09% of CarMax worth $136,742,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KMX. Ballentine Partners LLC acquired a new position in CarMax in the fourth quarter worth about $217,000. Dakota Wealth Management grew its stake in CarMax by 1.5% in the fourth quarter. Dakota Wealth Management now owns 14,720 shares of the company's stock worth $1,204,000 after purchasing an additional 215 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in CarMax by 13.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,187 shares of the company's stock worth $669,000 after purchasing an additional 975 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in CarMax by 5.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 20,113 shares of the company's stock worth $1,644,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in CarMax by 39.7% in the fourth quarter. Blue Trust Inc. now owns 1,457 shares of the company's stock worth $113,000 after purchasing an additional 414 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company's stock.

CarMax Stock Performance

Shares of NYSE:KMX traded up $0.68 on Tuesday, hitting $62.95. 2,775,729 shares of the company were exchanged, compared to its average volume of 2,188,490. CarMax, Inc. has a one year low of $61.24 and a one year 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. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.67 and a beta of 1.45. The company's 50 day moving average price is $69.26 and its two-hundred day moving average price is $77.42.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research reports. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Robert W. Baird cut their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Finally, Evercore ISI cut their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $87.73.

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.