Wedge Capital Management L L P NC Acquires 49,049 Shares of CarMax, Inc. $KMX

Wedge Capital Management L L P NC raised its holdings in CarMax, Inc. (NYSE:KMX) by 38.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 175,450 shares of the company’s stock after acquiring an additional 49,049 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.12% of CarMax worth $6,779,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KMX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the period. Jones Financial Companies Lllp grew its position in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after buying an additional 161 shares during the last quarter. Empowered Funds LLC grew its position in shares of CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after buying an additional 585 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after buying an additional 7,307 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of CarMax in the first quarter valued at about $727,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMX shares. Royal Bank Of Canada lifted their price objective on CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. Mizuho decreased their target price on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Wedbush lowered their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Evercore set a $42.00 price target on shares of CarMax in a research report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Reduce” and a consensus target price of $39.21.

CarMax Stock Down 4.3%

Shares of CarMax stock opened at $40.84 on Friday. The stock’s 50-day moving average is $43.81 and its 200 day moving average is $43.26. CarMax, Inc. has a one year low of $30.26 and a one year high of $82.79. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.04 and a beta of 1.35. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51.

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.