Crossmark Global Holdings Inc. cut its position in shares of CarMax, Inc (NYSE:KMX) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,169 shares of the company’s stock after selling 1,174 shares during the period. Crossmark Global Holdings Inc.’s holdings in CarMax were worth $638,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of KMX. Quantamental Technologies LLC acquired a new position in shares of CarMax in the 4th quarter worth $27,000. Private Capital Group LLC grew its holdings in shares of CarMax by 35.3% in the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after acquiring an additional 188 shares during the last quarter. CWM LLC grew its holdings in shares of CarMax by 266.0% in the 3rd quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after acquiring an additional 1,048 shares during the last quarter. JNBA Financial Advisors grew its holdings in shares of CarMax by 3,526.9% in the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after acquiring an additional 1,834 shares during the last quarter. Finally, First Bank & Trust grew its holdings in shares of CarMax by 14.9% in the 4th quarter. First Bank & Trust now owns 2,648 shares of the company’s stock worth $166,000 after acquiring an additional 343 shares during the last quarter.
Shares of KMX stock opened at $61.36 on Thursday. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $81.67. The company has a current ratio of 2.50, a quick ratio of 0.52 and a debt-to-equity ratio of 3.93. The firm has a market cap of $10.41 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded CarMax from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wedbush cut CarMax from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $60.00 in a report on Friday, January 18th. Buckingham Research upgraded CarMax from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Guggenheim upgraded CarMax from a “neutral” rating to a “buy” rating in a report on Monday, December 24th. Finally, Oppenheimer restated a “buy” rating on shares of CarMax in a report on Thursday, December 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $81.00.
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CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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