Pallas Capital Advisors LLC Acquires 1,225 Shares of CarMax, Inc. (NYSE:KMX)

Pallas Capital Advisors LLC grew its holdings in CarMax, Inc. (NYSE:KMX) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,911 shares of the company’s stock after acquiring an additional 1,225 shares during the period. Pallas Capital Advisors LLC’s holdings in CarMax were worth $850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cromwell Holdings LLC increased its stake in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in CarMax in the fourth quarter worth about $53,000. Allworth Financial LP raised its stake in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the period. Colonial Trust Co SC lifted its position in shares of CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock valued at $59,000 after buying an additional 693 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of CarMax by 38.4% during the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company’s stock valued at $73,000 after buying an additional 260 shares in the last quarter.

Insider Activity

In other CarMax news, Director Mitchell D. Steenrod bought 1,300 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were purchased at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now owns 33,577 shares of the company’s stock, valued at $2,198,957.73. This represents a 4.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

CarMax Price Performance

Shares of CarMax stock opened at $68.42 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 12 month low of $61.34 and a 12 month high of $91.25. The stock has a 50 day moving average of $66.89 and a 200 day moving average of $76.44. The firm has a market cap of $10.45 billion, a PE ratio of 23.19, a PEG ratio of 1.67 and a beta of 1.38.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research note on Monday, May 19th. Royal Bank of Canada restated an “underperform” rating on shares of CarMax in a research note on Monday, April 21st. Robert W. Baird cut their price target on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.82.

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.