Lighthouse Investment Partners LLC Purchases New Shares in CarMax, Inc. (NYSE:KMX)

Lighthouse Investment Partners LLC purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) during the 4th quarter, HoldingsChannel reports. The firm purchased 14,383 shares of the company’s stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of CarMax by 53.3% in the third quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock valued at $1,999,000 after purchasing an additional 9,509 shares during the period. Czech National Bank boosted its holdings in CarMax by 5.7% in the 4th quarter. Czech National Bank now owns 33,591 shares of the company’s stock valued at $2,746,000 after purchasing an additional 1,797 shares during the last quarter. Claro Advisors LLC acquired a new position in CarMax in the 4th quarter valued at about $216,000. Pallas Capital Advisors LLC boosted its holdings in CarMax by 116.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 9,686 shares of the company’s stock valued at $792,000 after purchasing an additional 5,206 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in CarMax by 0.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 30,746 shares of the company’s stock valued at $2,514,000 after purchasing an additional 238 shares during the last quarter.

CarMax Trading Down 2.8%

Shares of KMX stock opened at $67.61 on Thursday. 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 $10.32 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. The company has a 50 day moving average price of $70.27 and a 200 day moving average price of $77.88. CarMax, Inc. has a fifty-two week low of $61.67 and a fifty-two week high of $91.25.

Insider Activity at CarMax

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was purchased at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now owns 33,577 shares of the company’s stock, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the topic of several recent analyst reports. Evercore ISI decreased their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Robert W. Baird reduced their price target on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Needham & Company LLC reduced their price target on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank of Canada reissued an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.73.

About CarMax

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.