CarMax, Inc. (NYSE:KMX) is Broad Run Investment Management LLC's 8th Largest Position

Broad Run Investment Management LLC decreased its position in CarMax, Inc. (NYSE:KMX - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 514,597 shares of the company's stock after selling 158,331 shares during the period. CarMax accounts for 5.7% of Broad Run Investment Management LLC's investment portfolio, making the stock its 8th biggest holding. Broad Run Investment Management LLC owned 0.33% of CarMax worth $42,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Norges Bank purchased a new stake in CarMax in the 4th quarter valued at about $423,187,000. Kovitz Investment Group Partners LLC grew its position in shares of CarMax by 348.0% during 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 acquiring an additional 5,122,850 shares during the period. Raymond James Financial Inc. bought a new position in shares of CarMax during the 4th quarter valued at approximately $31,061,000. Renaissance Technologies LLC grew its position in shares of CarMax by 108.6% during the 4th quarter. Renaissance Technologies LLC now owns 695,900 shares of the company's stock valued at $56,897,000 after acquiring an additional 362,300 shares during the period. Finally, Principal Financial Group Inc. grew its position 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 acquiring an additional 282,519 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMX. Needham & Company LLC reduced their target price on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Evercore ISI cut their price objective on shares of CarMax from $107.00 to $105.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. 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 report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Finally, Stephens raised shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $87.73.

Insider Buying and Selling

In other CarMax 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 bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now directly owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

Shares of CarMax stock traded down $0.20 on Wednesday, hitting $64.66. 3,704,442 shares of the company traded hands, compared to its average volume of 2,106,208. The firm's 50-day simple moving average is $73.41 and its 200 day simple moving average is $78.40. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a market cap of $9.87 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax, Inc. has a 12-month low of $61.67 and a 12-month 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.