Farringdon Capital Ltd. Invests $379,000 in CarMax, Inc. (NYSE:KMX)

Farringdon Capital Ltd. bought a new position in shares of CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,632 shares of the company’s stock, valued at approximately $379,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Hawaiian Bank bought a new position in shares of CarMax during the 4th quarter worth approximately $273,000. Sequoia Financial Advisors LLC increased its holdings in shares of CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock valued at $261,000 after purchasing an additional 307 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of CarMax by 36.6% in the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock valued at $426,000 after purchasing an additional 1,396 shares during the period. World Investment Advisors LLC acquired a new stake in shares of CarMax during the 3rd quarter worth about $6,942,000. Finally, HF Advisory Group LLC boosted its holdings in shares of CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after buying an additional 3,222 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KMX shares. StockNews.com downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Truist Financial boosted their price target on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Evercore ISI decreased their price target on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada dropped their price objective on shares of CarMax from $103.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.73.

Insider Transactions at CarMax

In related news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.66% of the stock is owned by insiders.

CarMax Stock Up 0.6 %

NYSE KMX opened at $64.50 on Friday. The business has a fifty day moving average price of $77.07 and a two-hundred day moving average price of $78.83. The stock has a market capitalization of $9.85 billion, a PE ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a fifty-two week low of $63.23 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

CarMax 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.