Bessemer Group Inc. lifted its holdings in CarMax, Inc. (NYSE:KMX – Free Report) by 275.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,750 shares of the company’s stock after purchasing an additional 4,217 shares during the quarter. Bessemer Group Inc.’s holdings in CarMax were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Kinneret Advisory LLC grew its holdings in shares of CarMax by 2.3% in the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after acquiring an additional 116 shares during the period. Strengthening Families & Communities LLC grew its holdings in shares of CarMax by 5.3% in the fourth quarter. Strengthening Families & Communities LLC now owns 2,614 shares of the company’s stock worth $160,000 after acquiring an additional 131 shares during the period. Securian Asset Management Inc. grew its holdings in shares of CarMax by 1.2% in the first quarter. Securian Asset Management Inc. now owns 13,039 shares of the company’s stock worth $838,000 after acquiring an additional 154 shares during the period. Equitable Trust Co. grew its holdings in shares of CarMax by 2.9% in the first quarter. Equitable Trust Co. now owns 5,451 shares of the company’s stock worth $350,000 after acquiring an additional 154 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of CarMax by 0.9% in the first quarter. Daiwa Securities Group Inc. now owns 21,530 shares of the company’s stock worth $1,384,000 after acquiring an additional 182 shares during the period.
CarMax Stock Performance
NYSE KMX opened at $79.23 on Thursday. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. The company has a quick ratio of 0.61, a current ratio of 2.54 and a debt-to-equity ratio of 3.12. The business has a 50-day moving average price of $82.79 and a 200-day moving average price of $74.01. CarMax, Inc. has a twelve month low of $52.10 and a twelve month high of $94.42.
Analysts Set New Price Targets
Several brokerages recently commented on KMX. Truist Financial lifted their price objective on CarMax from $64.00 to $82.00 in a report on Monday, June 26th. Wedbush reissued a “neutral” rating and set a $85.00 price target on shares of CarMax in a report on Thursday, August 17th. Oppenheimer boosted their price target on CarMax from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, July 14th. JPMorgan Chase & Co. boosted their price target on CarMax from $55.00 to $60.00 in a report on Monday, June 26th. Finally, Morgan Stanley boosted their price target on CarMax from $75.00 to $80.00 in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.60.
Check Out Our Latest Stock Analysis on KMX
Insider Transactions at CarMax
In related news, VP Jill A. Livesay sold 14,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $84.50, for a total value of $1,183,000.00. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at $766,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Jill A. Livesay sold 14,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $84.50, for a total value of $1,183,000.00. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at $766,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Nash sold 170,646 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $82.57, for a total value of $14,090,240.22. Following the completion of the sale, the chief executive officer now owns 177,180 shares in the company, valued at $14,629,752.60. The disclosure for this sale can be found here. Insiders sold a total of 304,993 shares of company stock valued at $25,375,428 over the last 90 days. Company insiders own 1.66% of the company’s stock.
About CarMax
CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.
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