CarMax, Inc. (NYSE:KMX) Holdings Boosted by Colonial Trust Co SC

Colonial Trust Co SC grew its holdings in CarMax, Inc. (NYSE:KMX) by 2,310.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 723 shares of the company’s stock after purchasing an additional 693 shares during the period. Colonial Trust Co SC’s holdings in CarMax were worth $59,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its position in CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock worth $1,999,000 after acquiring an additional 9,509 shares during the period. Nordea Investment Management AB boosted its holdings in shares of CarMax by 8.9% during the fourth quarter. Nordea Investment Management AB now owns 14,564 shares of the company’s stock worth $1,198,000 after purchasing an additional 1,186 shares during the period. First Hawaiian Bank acquired a new stake in shares of CarMax during the fourth quarter worth approximately $273,000. Baker Tilly Wealth Management LLC grew its position in CarMax by 6.2% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 3,969 shares of the company’s stock valued at $325,000 after purchasing an additional 232 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in CarMax in the 4th quarter worth approximately $58,000.

CarMax Stock Down 0.4 %

Shares of KMX stock opened at $66.29 on Friday. CarMax, Inc. has a 12 month low of $61.67 and a 12 month high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a market cap of $10.12 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The stock has a 50 day moving average of $70.82 and a 200-day moving average of $77.95.

Analysts Set New Price Targets

Several equities analysts have recently commented on KMX shares. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Robert W. Baird cut their price target on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Cfra Research raised CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Needham & Company LLC cut their price objective on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $87.73.

Insider Activity at CarMax

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the business’s stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the acquisition, the director now directly owns 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.66% of the company’s stock.

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.