CarMax, Inc. (NYSE:KMX) Shares Bought by Voya Financial Advisors Inc.

Voya Financial Advisors Inc. grew its holdings in CarMax, Inc. (NYSE:KMX) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,358 shares of the company’s stock after purchasing an additional 1,213 shares during the quarter. Voya Financial Advisors Inc.’s holdings in CarMax were worth $2,573,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new stake in CarMax during the 4th quarter valued at $423,187,000. Kovitz Investment Group Partners LLC lifted its position in shares of 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 acquiring an additional 5,122,850 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CarMax during the fourth quarter valued at $31,061,000. Renaissance Technologies LLC increased its position in CarMax by 108.6% during the 4th quarter. Renaissance Technologies LLC now owns 695,900 shares of the company’s stock worth $56,897,000 after purchasing an additional 362,300 shares in the last quarter. Finally, Principal Financial Group Inc. raised 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 purchasing an additional 282,519 shares during the last quarter.

CarMax Stock Down 0.2 %

KMX opened at $65.67 on Friday. CarMax, Inc. has a 1 year low of $61.67 and a 1 year high of $91.25. The firm has a 50 day moving average price of $74.76 and a 200 day moving average price of $78.49. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a market cap of $10.03 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.

Insiders Place Their Bets

In related news, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now owns 227 shares in the company, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KMX shares. Royal Bank of Canada reaffirmed an “underperform” rating on shares of CarMax in a research note on Monday. Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $86.00 to $90.00 in a report on Wednesday, March 26th. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a report on Monday. Finally, Robert W. Baird dropped their target price on CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $87.73.

CarMax 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.