Vancity Investment Management Ltd lifted its position in CarMax, Inc. (NYSE:KMX – Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,090 shares of the company’s stock after buying an additional 6,268 shares during the period. CarMax makes up about 2.1% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 15th biggest position. Vancity Investment Management Ltd owned approximately 0.15% of CarMax worth $14,919,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. VitalStone Financial LLC purchased a new position in CarMax during the first quarter valued at $33,000. State of Tennessee Treasury Department lifted its position in CarMax by 3.4% during the first quarter. State of Tennessee Treasury Department now owns 25,199 shares of the company’s stock valued at $1,620,000 after purchasing an additional 827 shares in the last quarter. Gabelli Funds LLC lifted its position in CarMax by 185.0% during the first quarter. Gabelli Funds LLC now owns 57,000 shares of the company’s stock valued at $3,664,000 after purchasing an additional 37,000 shares in the last quarter. Stifel Financial Corp lifted its position in CarMax by 13.3% during the first quarter. Stifel Financial Corp now owns 218,258 shares of the company’s stock valued at $14,030,000 after purchasing an additional 25,575 shares in the last quarter. Finally, Schwerin Boyle Capital Management Inc. lifted its position in CarMax by 37.2% during the first quarter. Schwerin Boyle Capital Management Inc. now owns 548,455 shares of the company’s stock valued at $35,255,000 after purchasing an additional 148,700 shares in the last quarter.
CarMax Trading Down 0.5 %
Shares of KMX stock opened at $81.18 on Friday. CarMax, Inc. has a 12-month low of $52.10 and a 12-month high of $93.34. The company has a current ratio of 2.54, a quick ratio of 0.61 and a debt-to-equity ratio of 3.12. The stock’s 50-day moving average price is $82.75 and its 200-day moving average price is $74.54. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44.
Insider Transactions at CarMax
In other CarMax news, EVP Diane L. Cafritz sold 1,706 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $83.85, for a total transaction of $143,048.10. Following the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $425,371.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CarMax news, CMO James Lyski sold 67,345 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $84.27, for a total transaction of $5,675,163.15. Following the sale, the chief marketing officer now directly owns 21,786 shares of the company’s stock, valued at $1,835,906.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane L. Cafritz sold 1,706 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $83.85, for a total value of $143,048.10. Following the sale, the executive vice president now directly owns 5,073 shares in the company, valued at $425,371.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 304,993 shares of company stock valued at $25,375,428. 1.66% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts recently weighed in on KMX shares. Northcoast Research downgraded CarMax from a “buy” rating to a “neutral” rating in a research report on Monday, June 12th. StockNews.com assumed coverage on CarMax in a report on Thursday, August 17th. They set a “sell” rating on the stock. Wedbush reissued a “neutral” rating and set a $85.00 price target on shares of CarMax in a report on Thursday, August 17th. Truist Financial raised their price target on CarMax from $64.00 to $82.00 in a report on Monday, June 26th. Finally, JPMorgan Chase & Co. raised their price target on CarMax from $55.00 to $60.00 in a report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.60.
View Our Latest Analysis on KMX
CarMax Company Profile
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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