CarMax, Inc. (NYSE:KMX) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 781,100 shares of the company's stock after acquiring an additional 177,044 shares during the quarter. Deutsche Bank AG owned 0.51% of CarMax worth $63,863,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Principal Financial Group Inc. grew its stake in 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 purchasing an additional 282,519 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in CarMax by 348.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after buying an additional 5,122,850 shares during the last quarter. Norges Bank purchased a new stake in CarMax in the fourth quarter valued at approximately $423,187,000. Geode Capital Management LLC increased its holdings in CarMax by 1.3% in 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 period. Finally, Baird Financial Group Inc. increased its holdings in CarMax by 4.3% in the 4th quarter. Baird Financial Group Inc. now owns 2,887,526 shares of the company's stock worth $236,084,000 after buying an additional 119,666 shares during the period.

Insiders Place Their Bets

In other CarMax news, Director Mitchell D. Steenrod acquired 1,300 shares of the stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, with a total value of $85,137.00. Following the transaction, the director now owns 33,577 shares of the company's stock, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Performance

Shares of CarMax stock traded down $0.74 on Friday, hitting $67.16. The stock had a trading volume of 2,631,125 shares, compared to its average volume of 2,150,529. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.67 and a beta of 1.45. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 52-week low of $61.67 and a 52-week high of $91.25. The company's 50 day moving average price is $70.15 and its 200 day moving average price is $77.83.

Analysts Set New Price Targets

Several analysts have commented on KMX shares. JPMorgan Chase & Co. decreased their price objective on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of CarMax in a research report on Monday, April 21st. Needham & Company LLC lowered their price target on shares of CarMax from $101.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, April 11th. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Cfra Research raised CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.