CarMax, Inc. (NYSE:KMX) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1,341.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,896 shares of the company’s stock after acquiring an additional 65,976 shares during the quarter. Algert Global LLC’s holdings in CarMax were worth $5,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cromwell Holdings LLC increased its position in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP increased its position in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax in the 4th quarter valued at approximately $58,000. Farther Finance Advisors LLC lifted its holdings in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after acquiring an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of CarMax during the 4th quarter worth approximately $85,000.

Insider Activity

In related news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $90.00 price target on shares of CarMax in a research report on Monday, April 21st. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Cfra Research raised shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Finally, Robert W. Baird dropped their price target on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.73.

CarMax Stock Performance

NYSE:KMX opened at $66.37 on Tuesday. CarMax, Inc. has a 12 month low of $61.67 and a 12 month high of $91.25. 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 capitalization of $10.13 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The business’s fifty day moving average price is $72.06 and its 200 day moving average price is $78.19.

About CarMax

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.