Siemens Fonds Invest GmbH Buys New Holdings in CarMax, Inc. (NYSE:KMX)

Siemens Fonds Invest GmbH bought a new stake in CarMax, Inc. (NYSE:KMX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,839 shares of the company’s stock, valued at approximately $1,131,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC raised its holdings in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP raised its holdings in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares in the last quarter. Colonial Trust Co SC raised its holdings in CarMax by 2,310.0% during the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock worth $59,000 after purchasing an additional 693 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after purchasing an additional 480 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in CarMax during the fourth quarter worth approximately $85,000.

Insider Transactions at CarMax

In other news, Director Mitchell D. Steenrod bought 1,300 shares of the business’s stock in a transaction that occurred 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 purchase, the director now owns 33,577 shares of the company’s stock, valued at $2,198,957.73. This trade represents a 4.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMX shares. JPMorgan Chase & Co. cut their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Cfra Research raised shares of CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Evercore ISI cut their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, March 26th. Three 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 issued a strong buy rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus price target of $87.73.

CarMax Trading Down 1.1%

NYSE:KMX opened at $67.16 on Friday. The company has a market capitalization of $10.25 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 52-week low of $61.67 and a 52-week high of $91.25. The stock has a fifty day simple moving average of $70.04 and a 200-day simple moving average of $77.79.

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.