AQR Capital Management LLC Increases Stock Position in CarMax, Inc. (NYSE:KMX)

AQR Capital Management LLC grew its holdings in CarMax, Inc. (NYSE:KMX) by 82.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,400,012 shares of the company’s stock after purchasing an additional 634,390 shares during the quarter. AQR Capital Management LLC owned approximately 0.91% of CarMax worth $114,465,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. First Hawaiian Bank acquired a new stake in CarMax during the 4th quarter valued at $273,000. Sequoia Financial Advisors LLC lifted its position in shares of CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock valued at $261,000 after acquiring an additional 307 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after buying an additional 1,396 shares during the period. World Investment Advisors LLC acquired a new stake in CarMax during the third quarter worth approximately $6,942,000. Finally, HF Advisory Group LLC grew its stake in CarMax by 12.6% in the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after acquiring an additional 3,222 shares during the period.

CarMax Trading Down 0.5 %

NYSE:KMX opened at $64.78 on Wednesday. The business’s 50-day moving average is $73.41 and its two-hundred day moving average is $78.40. The firm has a market capitalization of $9.89 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $90.00 price target on shares of CarMax in a research note on Monday, April 21st. Cfra Research raised CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, March 26th. Royal Bank of Canada reissued an “underperform” rating on shares of CarMax in a research report on Monday, April 21st. Finally, Needham & Company LLC dropped their price target on shares of CarMax from $101.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $87.73.

Insider Activity at CarMax

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, with a total value 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 trade represents a 4.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.66% of the company’s stock.

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.