Renaissance Technologies LLC Raises Stock Holdings in CarMax, Inc. (NYSE:KMX)

Renaissance Technologies LLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 108.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695,900 shares of the company’s stock after purchasing an additional 362,300 shares during the period. Renaissance Technologies LLC owned about 0.45% of CarMax worth $56,897,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Cromwell Holdings LLC boosted its holdings in CarMax by 104.8% in the fourth 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 raised its stake in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after purchasing an additional 249 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of CarMax during the fourth quarter worth approximately $58,000. Farther Finance Advisors LLC raised its stake in shares of CarMax by 91.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after purchasing an additional 480 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in CarMax in the fourth quarter worth $85,000.

Insider Buying and Selling at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,878 shares of company stock worth $1,872,699 over the last three months. Corporate insiders own 1.66% of the company’s stock.

CarMax Price Performance

KMX opened at $79.75 on Thursday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a fifty day moving average price of $79.28 and a 200 day moving average price of $79.27. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.67 and a beta of 1.58.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KMX. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of CarMax in a research report on Tuesday, April 1st. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada upped their price target on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial increased their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $90.64.

About CarMax

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.