SG Americas Securities LLC Acquires 135,858 Shares of CarMax, Inc. $KMX

SG Americas Securities LLC grew its holdings in CarMax, Inc. (NYSE:KMX) by 324.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,754 shares of the company’s stock after buying an additional 135,858 shares during the quarter. SG Americas Securities LLC’s holdings in CarMax were worth $6,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after acquiring an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the period. Resonant Capital Advisors LLC boosted its holdings in CarMax by 4.2% during the third quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares in the last quarter. Ossiam boosted its holdings in CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares in the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of CarMax by 39.9% in the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock valued at $71,000 after purchasing an additional 300 shares during the period.

CarMax Stock Performance

NYSE:KMX opened at $41.62 on Wednesday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $82.79. The firm has a 50 day moving average of $43.51 and a 200-day moving average of $42.87.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KMX shares. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. JPMorgan Chase & Co. lowered their price target on CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. Mizuho dropped their price objective on CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. Stephens cut their price objective on CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. Finally, Morgan Stanley set a $35.00 target price on shares of CarMax in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $39.21.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.