CarMax, Inc. (NYSE:KMX) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,671,950 shares of the company's stock after buying an additional 29,715 shares during the quarter. Janus Henderson Group PLC owned about 3.04% of CarMax worth $381,978,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of 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 last quarter. Kovitz Investment Group Partners LLC lifted its position in CarMax by 348.0% during 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 purchasing an additional 5,122,850 shares during the period. Norges Bank acquired a new position in CarMax during the fourth quarter valued at $423,187,000. Geode Capital Management LLC boosted its holdings in CarMax by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after purchasing an additional 47,058 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in CarMax by 4.3% during the 4th 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.

CarMax Price Performance

Shares of NYSE:KMX traded up $0.02 during midday trading on Thursday, hitting $67.84. The company's stock had a trading volume of 2,745,858 shares, compared to its average volume of 2,147,206. The company has a market cap of $10.36 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. CarMax, Inc. has a 12-month low of $61.67 and a 12-month high of $91.25. The business's 50 day simple moving average is $70.27 and its 200 day simple moving average is $77.88. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

Insider Buying and Selling at CarMax

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction dated Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

KMX has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Wedbush reiterated an "outperform" rating and set a $90.00 price target on shares of CarMax in a research report on Monday, April 21st. Royal Bank of Canada restated an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Finally, Evercore ISI cut their target price 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $87.73.

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.