Koshinski Asset Management Inc. bought a new position in CarMax, Inc. (NYSE:KMX) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,754 shares of the company’s stock, valued at approximately $230,000.
A number of other institutional investors have also recently modified their holdings of the stock. NEXT Financial Group Inc purchased a new stake in shares of CarMax during the 3rd quarter valued at about $30,000. AXA S.A. purchased a new stake in shares of CarMax during the 3rd quarter valued at about $33,000. O Shaughnessy Asset Management LLC raised its position in shares of CarMax by 398.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 459 shares of the company’s stock valued at $42,000 after buying an additional 367 shares in the last quarter. Eudaimonia Partners LLC purchased a new stake in shares of CarMax during the 3rd quarter valued at about $45,000. Finally, HM Payson & Co. raised its position in shares of CarMax by 500.0% during the 3rd quarter. HM Payson & Co. now owns 600 shares of the company’s stock valued at $55,000 after buying an additional 500 shares in the last quarter. 97.59% of the stock is owned by institutional investors.
Shares of CarMax stock opened at $119.38 on Tuesday. The stock has a market cap of $19.40 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.76. The company has a debt-to-equity ratio of 3.51, a current ratio of 2.60 and a quick ratio of 0.67. The firm has a fifty day moving average price of $116.14 and a 200 day moving average price of $102.06. CarMax, Inc. has a 1 year low of $37.59 and a 1 year high of $128.58.
In other news, EVP Thomas W. Reedy, Jr. sold 14,647 shares of CarMax stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of $93.53, for a total value of $1,369,933.91. Following the sale, the executive vice president now owns 19,979 shares in the company, valued at $1,868,635.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Nash sold 58,674 shares of CarMax stock in a transaction dated Tuesday, January 12th. The shares were sold at an average price of $106.23, for a total transaction of $6,232,939.02. Following the completion of the sale, the chief executive officer now owns 175,674 shares in the company, valued at approximately $18,661,849.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,922 shares of company stock worth $47,543,566. 2.09% of the stock is owned by company insiders.
A number of analysts recently weighed in on KMX shares. JPMorgan Chase & Co. lowered shares of CarMax from an “overweight” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Wednesday, December 9th. Argus increased their price objective on shares of CarMax from $105.00 to $110.00 in a research report on Monday, December 28th. Bank of America dropped their target price on shares of CarMax from $130.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, November 17th. Wedbush upped their target price on shares of CarMax from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 17th. Finally, Northcoast Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Tuesday, January 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $109.88.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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