O Shaughnessy Asset Management LLC Purchases 1,798 Shares of CarMax, Inc. (NYSE:KMX)

O Shaughnessy Asset Management LLC grew its position in CarMax, Inc. (NYSE:KMX) by 25.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,877 shares of the company’s stock after buying an additional 1,798 shares during the period. O Shaughnessy Asset Management LLC’s holdings in CarMax were worth $726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cromwell Holdings LLC raised its stake in shares of CarMax by 104.8% in the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP increased its holdings in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in CarMax in the 4th quarter worth about $58,000. Farther Finance Advisors LLC lifted its stake in CarMax by 91.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock valued at $82,000 after acquiring an additional 480 shares during the period. Finally, BankPlus Trust Department purchased a new stake in shares of CarMax during the 4th quarter valued at about $85,000.

CarMax Trading Down 0.7 %

Shares of NYSE:KMX opened at $73.27 on Wednesday. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market cap of $11.27 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The stock has a 50 day moving average of $79.55 and a 200 day moving average of $79.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

Insiders Place Their Bets

In related news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,878 shares of company stock worth $1,872,699 over the last three months. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KMX shares. JPMorgan Chase & Co. decreased their price objective on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada boosted their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC raised their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of CarMax in a research report on Tuesday, April 1st. Finally, Evercore ISI dropped their target price on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.64.

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.