Bank of Montreal Can lowered its stake in CarMax, Inc (NYSE:KMX) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,589 shares of the company’s stock after selling 32,314 shares during the period. Bank of Montreal Can owned 0.21% of CarMax worth $12,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMX. Aperio Group LLC lifted its position in CarMax by 30.1% during the 4th quarter. Aperio Group LLC now owns 100,084 shares of the company’s stock worth $6,562,000 after purchasing an additional 23,800 shares during the last quarter. Keybank National Association OH lifted its position in CarMax by 1.8% during the 4th quarter. Keybank National Association OH now owns 59,749 shares of the company’s stock worth $3,801,000 after purchasing an additional 1,149 shares during the last quarter. Riverhead Capital Management LLC lifted its position in CarMax by 0.7% during the 4th quarter. Riverhead Capital Management LLC now owns 110,693 shares of the company’s stock worth $6,424,000 after purchasing an additional 755 shares during the last quarter. Spark Investment Management LLC lifted its position in CarMax by 66.4% during the 4th quarter. Spark Investment Management LLC now owns 31,288 shares of the company’s stock worth $1,747,000 after purchasing an additional 12,136 shares during the last quarter. Finally, Welch & Forbes LLC lifted its position in CarMax by 61.6% during the 4th quarter. Welch & Forbes LLC now owns 22,584 shares of the company’s stock worth $1,015,000 after purchasing an additional 8,649 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

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Several research firms have weighed in on KMX. Telsey Advisory Group increased their price objective on CarMax from $109.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Barclays lifted their price objective on CarMax from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $103.00 price objective on CarMax and gave the company a “hold” rating in a research note on Tuesday, January 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price objective on shares of CarMax in a research note on Wednesday, January 16th. Finally, Jefferies Financial Group lifted their price objective on CarMax to $97.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $93.97.

Shares of CarMax, Inc ( NYSE:KMX ) opened at $82.38 on Wednesday. The firm has a market capitalization of $17,096.36, a P/E ratio of 22.98, a PEG ratio of 1.23 and a beta of 1.43. CarMax, Inc has a 52 week low of $69.95 and a 52 week high of $97.67. The company has a quick ratio of 0.26, a current ratio of 1.31 and a debt-to-equity ratio of 3.04.

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CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company