CarMax, Inc. (NYSE:KMX) Shares Purchased by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,590,071 shares of the company’s stock after acquiring an additional 56,906 shares during the quarter. CarMax comprises 5.5% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Turtle Creek Asset Management Inc. owned 1.68% of CarMax worth $211,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH purchased a new position in CarMax during the fourth quarter worth $1,131,000. Rafferty Asset Management LLC boosted its holdings in CarMax by 2.7% in the fourth quarter. Rafferty Asset Management LLC now owns 22,123 shares of the company’s stock valued at $1,809,000 after acquiring an additional 580 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of CarMax during the fourth quarter worth about $976,000. ProShare Advisors LLC lifted its stake in shares of CarMax by 76.2% during the fourth quarter. ProShare Advisors LLC now owns 34,695 shares of the company’s stock worth $2,837,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of CarMax by 125.6% during the fourth quarter. Quantinno Capital Management LP now owns 19,707 shares of the company’s stock worth $1,611,000 after purchasing an additional 10,973 shares in the last quarter.

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Wednesday, May 7th. Royal Bank of Canada reiterated an “underperform” rating on shares of CarMax in a research report on Monday, April 21st. Robert W. Baird cut their target price on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Finally, Evercore ISI cut their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.73.

CarMax Trading Down 1.1%

KMX opened at $67.16 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25. The company has a market cap of $10.25 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a fifty day moving average price of $70.04 and a two-hundred day moving average price of $77.81.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the stock in a transaction dated Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

CarMax Company 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.