CarMax, Inc (KMX) Position Boosted by Rhumbline Advisers
Rhumbline Advisers increased its holdings in shares of CarMax, Inc (NYSE:KMX) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 358,135 shares of the company’s stock after buying an additional 3,012 shares during the quarter. Rhumbline Advisers’ holdings in CarMax were worth $22,967,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in CarMax by 25.0% during the fourth quarter. Arizona State Retirement System now owns 75,308 shares of the company’s stock worth $4,830,000 after buying an additional 15,072 shares during the period. Manchester Capital Management LLC purchased a new position in CarMax during the fourth quarter worth about $404,000. Global X Management Co. LLC lifted its position in CarMax by 142.4% during the fourth quarter. Global X Management Co. LLC now owns 11,275 shares of the company’s stock worth $723,000 after buying an additional 6,624 shares during the period. Toronto Dominion Bank lifted its position in CarMax by 12.9% during the fourth quarter. Toronto Dominion Bank now owns 78,595 shares of the company’s stock worth $5,041,000 after buying an additional 9,003 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in CarMax by 5.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,289,450 shares of the company’s stock worth $146,823,000 after buying an additional 125,941 shares during the period.
Shares of CarMax, Inc (NYSE:KMX) opened at $62.76 on Friday. The company has a market capitalization of $11,038.96, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70. CarMax, Inc has a 12 month low of $54.29 and a 12 month high of $77.64.
In other news, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $61.92, for a total value of $495,360.00. The disclosure for this sale can be found here. Insiders have sold 74,584 shares of company stock valued at $5,155,424 over the last 90 days. 1.70% of the stock is currently owned by insiders.
KMX has been the topic of several recent analyst reports. Northcoast Research upgraded CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, November 22nd. Credit Suisse Group upgraded CarMax to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday, December 25th. Wedbush set a $81.00 target price on CarMax and gave the stock a “buy” rating in a research report on Thursday, December 28th. Finally, Berenberg Bank upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.68.
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CarMax Company Profile
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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