Guggenheim Capital LLC boosted its holdings in shares of CarMax, Inc (NYSE:KMX) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 609,143 shares of the company’s stock after buying an additional 111,912 shares during the period. Guggenheim Capital LLC owned approximately 0.34% of CarMax worth $39,065,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Virtue Capital Management LLC purchased a new stake in CarMax during the fourth quarter valued at about $169,000. Franklin Resources Inc. purchased a new stake in CarMax during the fourth quarter valued at about $205,000. Brandywine Global Investment Management LLC raised its position in CarMax by 24.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 201,456 shares of the company’s stock valued at $12,920,000 after purchasing an additional 39,022 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in CarMax during the fourth quarter valued at about $156,000. Finally, Folger Hill Asset Management LP raised its position in CarMax by 43.2% during the fourth quarter. Folger Hill Asset Management LP now owns 100,000 shares of the company’s stock valued at $6,413,000 after purchasing an additional 30,165 shares in the last quarter.
CarMax, Inc (NYSE:KMX) opened at $62.49 on Tuesday. The company has a market capitalization of $11,369.91, a PE ratio of 16.85, a PEG ratio of 0.96 and a beta of 1.61. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax, Inc has a twelve month low of $54.29 and a twelve month high of $77.64.
A number of equities research analysts have weighed in on KMX shares. Credit Suisse Group upgraded CarMax to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, December 25th. UBS upgraded CarMax from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 18th. Deutsche Bank lowered their price target on CarMax from $84.00 to $76.00 and set a “hold” rating on the stock in a research report on Sunday, November 26th. Northcoast Research upgraded CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Berenberg Bank upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, January 8th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $79.71.
In related news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $61.92, for a total value of $495,360.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Darren C. Newberry sold 6,584 shares of the firm’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. Insiders sold 58,584 shares of company stock worth $4,065,664 over the last three months. 1.90% of the stock is owned by insiders.
COPYRIGHT VIOLATION WARNING: This report was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://stocknewstimes.com/2018/03/20/carmax-inc-kmx-shares-bought-by-guggenheim-capital-llc.html.
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.
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.