PDT Partners LLC increased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,701 shares of the company's stock after purchasing an additional 4,800 shares during the quarter. PDT Partners LLC's holdings in CarMax were worth $2,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Lakewood Asset Management LLC increased its position in shares of CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after buying an additional 135 shares during the period. Wilmington Savings Fund Society FSB boosted its position in CarMax by 3.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock valued at $383,000 after acquiring an additional 141 shares in the last quarter. Timber Creek Capital Management LLC grew its holdings in shares of CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock worth $4,709,000 after acquiring an additional 145 shares during the period. Chemistry Wealth Management LLC raised its position in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock worth $999,000 after acquiring an additional 164 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of CarMax by 5.2% in the 4th quarter. Cypress Wealth Services LLC now owns 3,614 shares of the company's stock valued at $295,000 after purchasing an additional 179 shares during the period.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Cfra Research raised CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Robert W. Baird cut their price objective 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. Finally, Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of CarMax in a report on Monday, April 21st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $87.73.
Check Out Our Latest Stock Report on KMX
CarMax Stock Performance
Shares of NYSE:KMX traded up $1.11 during trading on Friday, hitting $66.63. The company's stock had a trading volume of 2,086,358 shares, compared to its average volume of 2,109,418. The company has a 50-day moving average of $72.39 and a 200-day moving average of $78.20. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 12 month low of $61.67 and a 12 month high of $91.25.
Insiders Place Their Bets
In other news, Director Mitchell D. Steenrod acquired 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, with a total value of $85,137.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.66% of the company's stock.
About CarMax
(
Free Report)
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.
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