Pacer Advisors Inc. cut its holdings in shares of CarMax, Inc. (NYSE:KMX – Get Rating) by 88.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,375 shares of the company’s stock after selling 83,050 shares during the quarter. Pacer Advisors Inc.’s holdings in CarMax were worth $632,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of KMX. Vanguard Group Inc. grew its stake in CarMax by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock valued at $1,706,790,000 after purchasing an additional 303,973 shares in the last quarter. Akre Capital Management LLC increased its holdings in CarMax by 0.7% during the first quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock worth $708,159,000 after buying an additional 49,780 shares during the last quarter. State Street Corp raised its position in CarMax by 0.7% during the third quarter. State Street Corp now owns 6,137,852 shares of the company’s stock worth $405,221,000 after acquiring an additional 40,047 shares in the last quarter. Invesco Ltd. lifted its stake in CarMax by 8.4% in the first quarter. Invesco Ltd. now owns 3,757,420 shares of the company’s stock valued at $362,515,000 after acquiring an additional 291,804 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of CarMax by 29.4% in the 1st quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock valued at $342,400,000 after acquiring an additional 805,438 shares during the period.
CarMax Price Performance
Shares of NYSE KMX opened at $70.67 on Thursday. The business has a fifty day moving average price of $65.35 and a two-hundred day moving average price of $66.03. The stock has a market capitalization of $11.17 billion, a PE ratio of 23.32, a P/E/G ratio of 1.66 and a beta of 1.42. The company has a debt-to-equity ratio of 3.17, a current ratio of 2.60 and a quick ratio of 0.68. CarMax, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $106.24.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on KMX. Wedbush raised their target price on shares of CarMax from $55.00 to $70.00 in a research note on Monday, April 24th. Truist Financial dropped their price target on CarMax from $66.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, April 12th. Robert W. Baird lifted their price objective on shares of CarMax from $65.00 to $80.00 in a research report on Wednesday, April 12th. StockNews.com assumed coverage on shares of CarMax in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. Finally, Stephens decreased their price target on shares of CarMax from $53.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, March 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.40.
CarMax Company Profile
CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.
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