Madison Investment Advisors LLC Purchases Shares of 10,019 CarMax, Inc. (NYSE:KMX)

Madison Investment Advisors LLC acquired a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,019 shares of the company's stock, valued at approximately $819,000.

A number of other institutional investors have also recently bought and sold shares of KMX. Principal Financial Group Inc. lifted its holdings in shares of CarMax by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after buying an additional 282,519 shares during the last quarter. State Street Corp lifted its stake in CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company's stock valued at $479,228,000 after acquiring an additional 36,959 shares during the last quarter. Janus Henderson Group PLC grew its position in CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company's stock worth $359,216,000 after acquiring an additional 28,466 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock worth $282,479,000 after purchasing an additional 14,903 shares during the last quarter. Finally, First Pacific Advisors LP raised its holdings in shares of CarMax by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company's stock valued at $195,984,000 after purchasing an additional 13,487 shares in the last quarter.

CarMax Stock Performance

NYSE KMX traded up $0.76 during midday trading on Tuesday, hitting $74.30. The company had a trading volume of 1,967,395 shares, compared to its average volume of 1,907,686. The firm has a fifty day simple moving average of $80.67 and a two-hundred day simple moving average of $79.37. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.67 and a beta of 1.76.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KMX shares. Needham & Company LLC upped their price objective on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a report on Friday, December 20th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a report on Friday, December 20th. Mizuho increased their price target on CarMax from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Finally, Royal Bank of Canada boosted their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $90.45.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now directly owns 9,448 shares of the company's stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,709 shares of company stock valued at $8,495,379 over the last three months. 1.66% of the stock is owned by corporate insiders.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.