Point72 Hong Kong Ltd grew its position in shares of CarMax, Inc (NYSE:KMX) by 177.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,908 shares of the company’s stock after purchasing an additional 1,859 shares during the quarter. Point72 Hong Kong Ltd’s holdings in CarMax were worth $255,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KMX. Point72 Asset Management L.P. acquired a new stake in CarMax during the fourth quarter valued at approximately $3,682,000. Captrust Financial Advisors lifted its stake in CarMax by 192.7% during the fourth quarter. Captrust Financial Advisors now owns 3,732 shares of the company’s stock valued at $334,000 after buying an additional 2,457 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in CarMax by 351.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 74,509 shares of the company’s stock valued at $6,532,000 after buying an additional 58,014 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of CarMax in the fourth quarter worth about $583,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of CarMax by 3.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 39,297 shares of the company’s stock worth $3,445,000 after buying an additional 1,300 shares during the period. Institutional investors own 99.79% of the company’s stock.

NYSE KMX traded down $2.96 during trading on Thursday, hitting $60.92. 2,736,580 shares of the company traded hands, compared to its average volume of 1,694,474. CarMax, Inc has a 12 month low of $37.59 and a 12 month high of $103.18. The business has a fifty day simple moving average of $82.65 and a 200 day simple moving average of $90.12. The company has a current ratio of 2.43, a quick ratio of 0.54 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $9.20 billion, a P/E ratio of 11.81, a PEG ratio of 0.91 and a beta of 1.10.

In other news, EVP Thomas W. Reedy, Jr. sold 29,550 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $96.87, for a total transaction of $2,862,508.50. Following the transaction, the executive vice president now owns 31,970 shares of the company’s stock, valued at approximately $3,096,933.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.09% of the company’s stock.

KMX has been the subject of a number of recent analyst reports. TheStreet lowered shares of CarMax from a “b-” rating to a “c+” rating in a research note on Friday, March 13th. Stephens reissued a “buy” rating and set a $115.00 price objective on shares of CarMax in a research report on Thursday, January 2nd. Royal Bank of Canada boosted their target price on CarMax from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. ValuEngine downgraded CarMax from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating and set a $104.00 price target for the company. in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.35.

About CarMax

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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