Siemens Fonds Invest GmbH Purchases Shares of 13,839 CarMax, Inc. (NYSE:KMX)

Siemens Fonds Invest GmbH acquired a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,839 shares of the company's stock, valued at approximately $1,131,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted 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 worth $383,000 after acquiring an additional 141 shares in the last quarter. Timber Creek Capital Management LLC grew its position in CarMax by 0.3% in the fourth quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock valued at $4,709,000 after acquiring an additional 145 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in shares of CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after purchasing an additional 164 shares during the period. Cypress Wealth Services LLC lifted its position in shares of CarMax by 5.2% during the fourth quarter. Cypress Wealth Services LLC now owns 3,614 shares of the company's stock worth $295,000 after purchasing an additional 179 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of CarMax by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 73,906 shares of the company's stock valued at $6,042,000 after purchasing an additional 191 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KMX shares. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Robert W. Baird dropped their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Evercore ISI cut their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $87.73.

CarMax Stock Performance

NYSE:KMX traded down $0.25 during trading hours on Thursday, reaching $63.09. 1,027,038 shares of the stock were exchanged, compared to its average volume of 2,612,198. The stock has a market capitalization of $9.63 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.67 and a beta of 1.45. The firm has a 50 day simple moving average of $69.76 and a 200-day simple moving average of $77.64. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 52 week low of $61.67 and a 52 week high of $91.25.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, with a total value of $85,137.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company's stock.

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.