First Trust Advisors LP Has $5.78 Million Stock Position in CarMax, Inc. (NYSE:KMX)

First Trust Advisors LP increased its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,652 shares of the company's stock after buying an additional 3,916 shares during the period. First Trust Advisors LP's holdings in CarMax were worth $5,777,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company's stock valued at $702,425,000 after purchasing an additional 282,519 shares during the last quarter. Norges Bank acquired a new position in CarMax during the 4th quarter valued at approximately $423,187,000. Geode Capital Management LLC grew its stake in CarMax by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock worth $302,564,000 after buying an additional 47,058 shares during the last quarter. Invesco Ltd. increased its position in CarMax by 1.0% in the fourth quarter. Invesco Ltd. now owns 2,729,965 shares of the company's stock worth $223,202,000 after buying an additional 27,716 shares during the period. Finally, First Pacific Advisors LP lifted its stake in CarMax by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 2,397,062 shares of the company's stock valued at $195,984,000 after buying an additional 13,487 shares during the last quarter.

Insider Buying and Selling

In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the business's stock in a transaction 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 acquisition, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. This represents a 4.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.

CarMax Price Performance

NYSE KMX traded down $0.22 on Tuesday, reaching $66.07. The company's stock had a trading volume of 381,722 shares, compared to its average volume of 2,108,241. The firm's 50 day moving average is $72.06 and its two-hundred day moving average is $78.19. The stock has a market cap of $10.09 billion, a PE ratio of 22.44, a PEG ratio of 1.67 and a beta of 1.58. 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.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Stephens upgraded CarMax from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Robert W. Baird lowered their target price on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of CarMax in a research note on Monday, April 21st. Four equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.73.

CarMax Company 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.