CarMax, Inc. (NYSE:KMX) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 689,494 shares of the company's stock after buying an additional 56,126 shares during the quarter. Marshall Wace LLP owned 0.45% of CarMax worth $56,373,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in CarMax by 3.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,857 shares of the company's stock worth $2,932,000 after buying an additional 1,032 shares during the period. Gabelli Funds LLC lifted its position in shares of CarMax by 4.9% in the fourth quarter. Gabelli Funds LLC now owns 64,000 shares of the company's stock worth $5,233,000 after buying an additional 3,000 shares in the last quarter. Schwerin Boyle Capital Management Inc. grew its holdings in CarMax by 0.5% during the 4th quarter. Schwerin Boyle Capital Management Inc. now owns 425,205 shares of the company's stock valued at $34,765,000 after buying an additional 2,300 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of CarMax during the 4th quarter valued at approximately $139,000. Finally, Giverny Capital Inc. raised its stake in CarMax by 2.8% during the fourth quarter. Giverny Capital Inc. now owns 1,682,869 shares of the company's stock valued at $137,591,000 after purchasing an additional 45,744 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on KMX shares. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research report on Monday. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $87.73.

Insider Activity at CarMax

In other news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by insiders.

CarMax Stock Up 2.2 %

NYSE:KMX traded up $1.42 during mid-day trading on Wednesday, hitting $66.47. 965,405 shares of the company's stock traded hands, compared to its average volume of 2,090,038. The company has a fifty day moving average of $75.69 and a 200 day moving average of $78.62. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a twelve month low of $61.67 and a twelve month high of $91.25. The company has a market capitalization of $10.15 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.67 and a beta of 1.58.

About CarMax

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.