Forex
RBC Ups Stake in CarMax to $12.13M Amid Institutional Investor Interest
Royal Bank of Canada has invested $12.13 million in CarMax, Inc. (NYSE:KMX), increasing its stake by 31.1% in the first quarter.
The fund now owns 291,671 shares of the company's stock, which represents 0.21% of CarMax's outstanding shares valued at $12,128,000 as of its most recent SEC filing.
This is not an isolated instance, as several other institutional investors have also recently bought and sold shares of KMX, including Huntington National Bank and CYBER HORNET ETFs LLC.