Quantinno Capital Management LP Acquires 10,973 Shares of CarMax, Inc. (NYSE:KMX)

Quantinno Capital Management LP grew its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 125.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,707 shares of the company's stock after purchasing an additional 10,973 shares during the period. Quantinno Capital Management LP's holdings in CarMax were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMX. Principal Financial Group Inc. increased its stake 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 buying an additional 282,519 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings 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 acquiring an additional 5,122,850 shares in the last quarter. Norges Bank bought a new position in shares of CarMax in the 4th quarter valued at about $423,187,000. Janus Henderson Group PLC increased its position in shares of CarMax by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock valued at $381,978,000 after acquiring an additional 29,715 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in 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 acquiring an additional 47,058 shares in the last quarter.

CarMax Price Performance

NYSE:KMX opened at $63.30 on Thursday. The company has a market cap of $9.67 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.67 and a beta of 1.45. The firm's fifty day moving average price is $69.76 and its two-hundred day moving average price is $77.64. CarMax, Inc. has a one year low of $61.67 and a one year high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Insider Buying and Selling

In other news, Director Mitchell D. Steenrod bought 1,300 shares of the stock in a transaction dated 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 completion of the purchase, the director now owns 33,577 shares in the company, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KMX. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research note on Monday, April 21st. Robert W. Baird decreased their target price on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, March 26th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research note on Monday. Finally, StockNews.com raised shares of CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CarMax 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.

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