CarMax, Inc. (NYSE:KMX) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 689,494 shares of the company’s stock after acquiring an additional 56,126 shares during the period. Marshall Wace LLP’s holdings in CarMax were worth $56,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in CarMax in the 3rd quarter valued at $1,587,000. Sanctuary Advisors LLC lifted its stake in shares of CarMax by 44.4% in the third quarter. Sanctuary Advisors LLC now owns 16,878 shares of the company’s stock worth $1,377,000 after buying an additional 5,188 shares in the last quarter. World Investment Advisors LLC acquired a new position in CarMax during the third quarter worth about $6,942,000. Wilmington Savings Fund Society FSB purchased a new stake in CarMax during the 3rd quarter valued at about $351,000. Finally, Tidal Investments LLC raised its holdings in CarMax by 141.8% in the 3rd quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after acquiring an additional 7,635 shares during the last quarter.

CarMax Stock Performance

Shares of KMX stock opened at $64.50 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market cap of $9.85 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.67 and a beta of 1.58. The firm’s 50 day moving average price is $77.07 and its 200-day moving average price is $78.83. CarMax, Inc. has a one year low of $63.23 and a one year high of $91.25.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KMX shares. Evercore ISI dropped their price target on CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. StockNews.com downgraded CarMax from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Mizuho boosted their price target on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada decreased their target price on shares of CarMax from $103.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.73.

Insiders Place Their Bets

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by insiders.

CarMax 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.