Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in CarMax, Inc. (NYSE:KMX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 108,217 shares of the company's stock, valued at approximately $8,848,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of CarMax at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Cromwell Holdings LLC increased its holdings in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after acquiring an additional 217 shares during the last quarter. Allworth Financial LP boosted its position in CarMax by 62.7% during 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 period. Ameriflex Group Inc. acquired a new position in CarMax during the fourth quarter valued at approximately $53,000. Colonial Trust Co SC raised its position 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 valued at $59,000 after purchasing an additional 693 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of CarMax by 123.8% in the fourth quarter. True Wealth Design LLC now owns 996 shares of the company's stock worth $81,000 after buying an additional 551 shares during the last quarter.

CarMax Price Performance

CarMax stock traded up $0.05 during trading hours on Wednesday, hitting $66.30. 647,836 shares of the stock were exchanged, compared to its average volume of 2,247,464. The stock has a market capitalization of $10.12 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.67 and a beta of 1.45. The business's 50-day moving average is $68.07 and its two-hundred day moving average is $76.85. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 12 month low of $61.34 and a 12 month high of $91.25.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Wedbush restated an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research note on Monday, May 19th. Needham & Company LLC lowered their price target on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Cfra Research raised shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Finally, Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CarMax has an average rating of "Hold" and an average price target of $85.82.

Insider Buying and Selling

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. 1.70% of the stock is owned by corporate insiders.

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.