Advisor Group Inc. Has $3.77 Million Stake in CarMax, Inc (KMX)
Advisor Group Inc. grew its stake in shares of CarMax, Inc (NYSE:KMX) by 161.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,070 shares of the company’s stock after buying an additional 33,402 shares during the period. Advisor Group Inc.’s holdings in CarMax were worth $3,773,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $27,000. Citizens Financial Group Inc RI bought a new stake in shares of CarMax during the fourth quarter valued at about $33,000. Liberty Wealth Management LLC bought a new stake in shares of CarMax during the first quarter valued at about $39,000. Semmax Financial Advisors Inc. bought a new stake in shares of CarMax during the fourth quarter valued at about $48,000. Finally, Enlightenment Research LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $50,000.
KMX stock opened at $78.28 on Monday. The company has a current ratio of 2.45, a quick ratio of 0.53 and a debt-to-equity ratio of 4.11. The company has a market capitalization of $12.98 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.25 and a beta of 1.31. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $81.67.
Several brokerages have recently weighed in on KMX. Credit Suisse Group upped their price target on CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Wedbush reiterated a “neutral” rating on shares of CarMax in a research report on Friday, May 17th. Buckingham Research upped their price target on CarMax from $76.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, ValuEngine upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $82.36.
In related news, SVP Diane L. Cafritz sold 3,484 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total value of $247,503.36. Following the transaction, the senior vice president now directly owns 11,331 shares in the company, valued at $804,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the completion of the transaction, the executive vice president now owns 35,160 shares in the company, valued at $2,733,338.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 383,655 shares of company stock worth $27,437,638. 2.09% of the stock is owned by company insiders.
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.
Featured Story: Total Return
Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc (NYSE:KMX).
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.