Schonfeld Strategic Advisors LLC Purchases 5,007 Shares of CarMax, Inc. (NYSE:KMX)

Schonfeld Strategic Advisors LLC boosted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 109.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,597 shares of the company's stock after acquiring an additional 5,007 shares during the period. Schonfeld Strategic Advisors LLC's holdings in CarMax were worth $785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cromwell Holdings LLC boosted its holdings in CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Allworth Financial LP raised its stake 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. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax in the fourth quarter worth approximately $58,000. Farther Finance Advisors LLC raised its stake in shares of CarMax by 91.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock worth $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of CarMax in the fourth quarter worth approximately $85,000.

Analyst Ratings Changes

Several brokerages have recently commented on KMX. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Cfra Research raised CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, Evercore ISI decreased their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Three investment 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 company's stock. According to data from MarketBeat, CarMax currently has a consensus rating of "Hold" and an average price target of $87.73.

Insider Transactions at CarMax

In other CarMax 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 bought at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.66% of the company's stock.

CarMax Stock Performance

Shares of CarMax stock traded up $2.93 during trading hours on Monday, reaching $69.03. The company had a trading volume of 3,465,661 shares, compared to its average volume of 2,140,329. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The business has a fifty day simple moving average of $70.82 and a 200 day simple moving average of $78.03. 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 $10.54 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.

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.