14,322 Shares in CarMax, Inc. (NYSE:KMX) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,322 shares of the company's stock, valued at approximately $1,171,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. Principal Financial Group Inc. increased its position in CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after acquiring an additional 282,519 shares during the period. Kovitz Investment Group Partners LLC grew its stake in shares of CarMax by 348.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after purchasing an additional 5,122,850 shares during the last quarter. Norges Bank acquired a new position in shares of CarMax in the fourth quarter valued at approximately $423,187,000. Geode Capital Management LLC raised its stake in shares of CarMax by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after purchasing an additional 47,058 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of CarMax by 4.3% during the fourth quarter. Baird Financial Group Inc. now owns 2,887,526 shares of the company's stock worth $236,084,000 after purchasing an additional 119,666 shares during the period.

Insider Buying and Selling

In other news, Director Mitchell D. Steenrod bought 1,300 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the completion of the transaction, the director now owns 33,577 shares in the company, valued at $2,198,957.73. The trade was a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on KMX shares. Robert W. Baird cut their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada reissued an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Needham & Company LLC dropped their target price on CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research note on Monday, April 21st. Finally, Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.73.

CarMax Price Performance

NYSE:KMX traded down $0.26 during trading hours on Friday, reaching $66.29. 2,099,332 shares of the company traded hands, compared to its average volume of 2,132,086. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm's 50-day moving average is $70.82 and its 200-day moving average is $77.95. The stock has a market cap of $10.12 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 1-year low of $61.67 and a 1-year high of $91.25.

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.