SG Americas Securities LLC Has $6.87 Million Stock Holdings in CarMax, Inc. $KMX

SG Americas Securities LLC lifted its position in CarMax, Inc. (NYSE:KMX) by 324.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,754 shares of the company’s stock after buying an additional 135,858 shares during the quarter. SG Americas Securities LLC owned about 0.13% of CarMax worth $6,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Independence Wealth Advisors LLC bought a new position in CarMax in the 4th quarter worth $252,000. True Wealth Design LLC grew its position in shares of CarMax by 54.3% in the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock valued at $35,000 after purchasing an additional 319 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of CarMax by 111.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 88,001 shares of the company’s stock worth $3,608,000 after purchasing an additional 46,450 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of CarMax by 31.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 10,357 shares of the company’s stock worth $418,000 after purchasing an additional 2,498 shares during the period. Finally, Peoples Bank KS acquired a new position in shares of CarMax during the 4th quarter worth about $285,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial raised their target price on CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, December 18th. Mizuho cut their price target on CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. JPMorgan Chase & Co. reduced their price objective on CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. Royal Bank Of Canada raised their price objective on shares of CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $39.21.

CarMax Trading Up 4.1%

CarMax stock opened at $41.62 on Wednesday. The business has a 50 day moving average price of $43.51 and a two-hundred day moving average price of $42.87. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $82.79. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.