Sheaff Brock Investment Advisors LLC acquired a new stake in shares of CarMax Inc (NYSE:KMX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,095 shares of the company’s stock, valued at approximately $235,000.
Several other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in CarMax by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock worth $40,552,000 after buying an additional 24,390 shares during the period. Calamos Advisors LLC lifted its holdings in CarMax by 20.3% in the second quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock worth $21,544,000 after buying an additional 57,657 shares during the period. Principal Financial Group Inc. lifted its holdings in CarMax by 8.3% in the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after buying an additional 706,369 shares during the period. Prudential Financial Inc. lifted its holdings in CarMax by 6.1% in the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after buying an additional 15,545 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in CarMax by 16.1% in the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock worth $1,364,000 after buying an additional 3,002 shares during the period.
CarMax Inc (KMX) traded down $2.99 during trading hours on Wednesday, reaching $67.72. 3,143,600 shares of the company’s stock were exchanged, compared to its average volume of 2,226,024. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. CarMax Inc has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The company has a market cap of $12,892.55, a P/E ratio of 19.43, a PEG ratio of 1.19 and a beta of 1.48.
In related news, Director William R. Tiefel sold 23,000 shares of CarMax stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total transaction of $98,930.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,955 shares of company stock valued at $46,214,378. Insiders own 1.90% of the company’s stock.
KMX has been the subject of several recent research reports. Oppenheimer lowered shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Friday, September 8th. CIBC lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. Royal Bank Of Canada lifted their target price on shares of CarMax from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, September 25th. Finally, Deutsche Bank reiterated a “buy” rating and set a $84.00 target price on shares of CarMax in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.00.
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CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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