Hudson Bay Capital Management LP boosted its stake in shares of CarMax, Inc (NYSE:KMX) by 28.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 74,576 shares of the company’s stock after purchasing an additional 16,418 shares during the quarter. Hudson Bay Capital Management LP’s holdings in CarMax were worth $4,783,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMX. Cerebellum GP LLC acquired a new position in CarMax during the fourth quarter worth $121,000. Tredje AP fonden acquired a new position in CarMax during the third quarter worth $144,000. Commerce Bank acquired a new position in CarMax during the third quarter worth $203,000. Dai Ichi Life Insurance Company Ltd acquired a new position in CarMax during the third quarter worth $206,000. Finally, IBM Retirement Fund acquired a new position in CarMax during the third quarter worth $208,000.
Shares of CarMax, Inc (NYSE KMX) opened at $62.04 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. The stock has a market capitalization of $11,220.00, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.11 and a beta of 1.53. CarMax, Inc has a 1-year low of $54.29 and a 1-year high of $77.64.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $67.50, for a total transaction of $540,000.00. Following the sale, the director now owns 439,572 shares in the company, valued at approximately $29,671,110. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Darren C. Newberry sold 6,584 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,584 shares of company stock worth $5,155,424. 1.90% of the stock is owned by company insiders.
KMX has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $81.00 price objective on shares of CarMax in a research note on Friday, December 22nd. Oppenheimer raised CarMax from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $80.00 to $88.00 in a research note on Thursday, January 18th. Credit Suisse Group lowered their price objective on CarMax from $83.00 to $71.54 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Susquehanna Bancshares set a $68.00 price objective on CarMax and gave the stock a “hold” rating in a research note on Monday, January 1st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. CarMax presently has an average rating of “Buy” and an average target price of $79.68.
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CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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