21,102 Shares in CarMax, Inc (NYSE:KMX) Acquired by Sciencast Management LP
Sciencast Management LP purchased a new position in shares of CarMax, Inc (NYSE:KMX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,102 shares of the company’s stock, valued at approximately $1,852,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of KMX. NuWave Investment Management LLC grew its position in CarMax by 466.7% during the 3rd quarter. NuWave Investment Management LLC now owns 425 shares of the company’s stock worth $37,000 after acquiring an additional 350 shares during the last quarter. AdvisorNet Financial Inc grew its position in CarMax by 41.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 563 shares of the company’s stock worth $50,000 after acquiring an additional 165 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in CarMax by 1,397.4% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 584 shares of the company’s stock worth $51,000 after acquiring an additional 545 shares during the last quarter. HM Payson & Co. bought a new position in CarMax during the 2nd quarter worth approximately $52,000. Finally, Allred Capital Management LLC bought a new position in CarMax during the 4th quarter worth approximately $63,000.
CarMax stock opened at $93.35 on Thursday. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.42 and a beta of 1.13. The stock has a fifty day simple moving average of $93.01 and a two-hundred day simple moving average of $89.82. CarMax, Inc has a 12 month low of $57.95 and a 12 month high of $100.49. The company has a current ratio of 2.43, a quick ratio of 0.54 and a debt-to-equity ratio of 4.07.
Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on CarMax from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Wedbush restated a “neutral” rating and set a $90.00 price target (up from $80.00) on shares of CarMax in a research report on Monday, December 23rd. They noted that the move was a valuation call. Buckingham Research raised their price target on CarMax from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. William Blair restated a “buy” rating on shares of CarMax in a research report on Friday, December 6th. Finally, Oppenheimer raised their price target on CarMax from $100.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $104.35.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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