SG Americas Securities LLC Raises Holdings in CarMax, Inc. (NYSE:KMX)

SG Americas Securities LLC grew its holdings in CarMax, Inc. (NYSE:KMX) by 105.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,303 shares of the company’s stock after acquiring an additional 5,808 shares during the quarter. SG Americas Securities LLC’s holdings in CarMax were worth $881,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KMX. Timber Creek Capital Management LLC lifted its position in CarMax by 0.3% during the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after acquiring an additional 145 shares during the period. Cromwell Holdings LLC increased its stake in CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares in the last quarter. Allworth Financial LP increased its stake in CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. Parallel Advisors LLC increased its position in CarMax by 38.4% during the first quarter. Parallel Advisors LLC now owns 937 shares of the company’s stock worth $73,000 after buying an additional 260 shares in the last quarter. Finally, Arizona State Retirement System increased its position in CarMax by 0.6% during the fourth quarter. Arizona State Retirement System now owns 44,998 shares of the company’s stock worth $3,679,000 after buying an additional 282 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the acquisition, the director now directly 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on KMX. Needham & Company LLC decreased their price objective on CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Cfra Research upgraded CarMax to a “strong-buy” rating in a research note on Thursday, April 10th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their target price on CarMax from $72.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Finally, Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average price target of $85.82.

CarMax Trading Down 0.3%

KMX stock opened at $64.25 on Thursday. The business has a fifty day moving average price of $65.65 and a 200 day moving average price of $75.71. CarMax, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $91.25. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.07 and a beta of 1.38. The company has a debt-to-equity ratio of 2.91, a current ratio of 2.31 and a quick ratio of 0.52.

CarMax Company 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.