Woodline Partners LP Buys Shares of 9,304 CarMax, Inc. (NYSE:KMX)

Woodline Partners LP acquired a new position in CarMax, Inc. (NYSE:KMX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,304 shares of the company's stock, valued at approximately $761,000.

Other large investors also recently made changes to their positions in the company. Cromwell Holdings LLC grew its holdings in 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 purchasing an additional 217 shares in the last quarter. Allworth Financial LP grew its holdings in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. Colonial Trust Co SC grew its holdings in CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after purchasing an additional 693 shares in the last quarter. True Wealth Design LLC grew its holdings in CarMax by 123.8% during the 4th quarter. True Wealth Design LLC now owns 996 shares of the company's stock valued at $81,000 after purchasing an additional 551 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on KMX. Robert W. Baird reduced their price objective 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. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Evercore ISI reduced their price target on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC reduced their price target 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $85.82.

CarMax Stock Performance

Shares of KMX stock traded up $1.56 during trading hours on Friday, reaching $64.56. The stock had a trading volume of 2,401,266 shares, compared to its average volume of 2,201,719. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a twelve month low of $61.34 and a twelve month high of $91.25. The firm has a 50-day simple moving average of $68.71 and a 200-day simple moving average of $77.12. The firm has a market capitalization of $9.86 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.

Insider Transactions at CarMax

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were purchased at an average price 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 approximately $2,198,957.73. This represents a 4.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

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.