Russell Investments Group Ltd. Buys 27,724 Shares of CarMax, Inc. (NYSE:KMX)

Russell Investments Group Ltd. grew its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 67.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,958 shares of the company's stock after buying an additional 27,724 shares during the quarter. Russell Investments Group Ltd.'s holdings in CarMax were worth $5,649,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. First Hawaiian Bank bought a new position in shares of CarMax during the 4th quarter worth approximately $273,000. Sequoia Financial Advisors LLC boosted its holdings in CarMax by 10.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock worth $261,000 after purchasing an additional 307 shares during the last quarter. Jones Financial Companies Lllp grew its position in CarMax by 36.6% in the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after purchasing an additional 1,396 shares in the last quarter. World Investment Advisors LLC acquired a new stake in CarMax in the 3rd quarter valued at $6,942,000. Finally, HF Advisory Group LLC lifted its position in CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company's stock worth $2,354,000 after buying an additional 3,222 shares in the last quarter.

Insider Buying and Selling

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company's stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

Shares of KMX stock traded up $0.39 during trading hours on Friday, reaching $64.50. The company's stock had a trading volume of 2,270,734 shares, compared to its average volume of 2,085,341. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a fifty-two week low of $63.23 and a fifty-two week high of $91.25. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.67 and a beta of 1.58. The firm's 50 day simple moving average is $76.62 and its 200-day simple moving average is $78.73.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent research reports. Wedbush lowered their target price on CarMax from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Robert W. Baird lowered their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Stephens raised CarMax from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Needham & Company LLC decreased their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Evercore ISI dropped their price target on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CarMax has a consensus rating of "Hold" and an average target price of $87.73.

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.