CarMax, Inc. (NYSE:KMX) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,857 shares of the company’s stock after acquiring an additional 1,032 shares during the period. NewEdge Advisors LLC’s holdings in CarMax were worth $2,932,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC raised its position in shares of CarMax by 4.9% in the 4th quarter. Gabelli Funds LLC now owns 64,000 shares of the company’s stock worth $5,233,000 after buying an additional 3,000 shares during the period. Schwerin Boyle Capital Management Inc. lifted its stake in shares of CarMax by 0.5% in the 4th quarter. Schwerin Boyle Capital Management Inc. now owns 425,205 shares of the company’s stock valued at $34,765,000 after purchasing an additional 2,300 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of CarMax during the 4th quarter worth about $139,000. Giverny Capital Inc. lifted its position in CarMax by 2.8% during the fourth quarter. Giverny Capital Inc. now owns 1,682,869 shares of the company’s stock valued at $137,591,000 after buying an additional 45,744 shares in the last quarter. Finally, Crux Wealth Advisors purchased a new stake in CarMax during the fourth quarter worth approximately $846,000.

Analysts Set New Price Targets

KMX has been the topic of several recent research reports. Wedbush reduced their target price on shares of CarMax from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Robert W. Baird lowered their target price on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Finally, Royal Bank of Canada lowered their price target on shares of CarMax from $103.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $87.73.

Insiders Place Their Bets

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Performance

Shares of KMX stock opened at $64.50 on Monday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a one year low of $63.23 and a one year high of $91.25. The company’s 50-day simple moving average is $76.62 and its 200-day simple moving average is $78.79.

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.