BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 6,978 Shares of CarMax, Inc. (NYSE:KMX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 73.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,473 shares of the company's stock after buying an additional 6,978 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in CarMax were worth $1,208,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of CarMax by 16.4% in the 4th quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company's stock valued at $9,777,000 after acquiring an additional 17,973 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company's stock worth $14,573,000 after purchasing an additional 37,660 shares during the period. Fairview Capital Investment Management LLC grew its holdings in CarMax by 7.0% during the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company's stock worth $19,302,000 after purchasing an additional 16,438 shares during the period. Quadrature Capital Ltd acquired a new position in CarMax during the fourth quarter worth approximately $5,637,000. Finally, Charles Schwab Investment Management Inc. raised its stake in CarMax by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company's stock valued at $76,058,000 after buying an additional 30,107 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KMX shares. Truist Financial lifted their target price on CarMax from $66.00 to $70.00 and gave the stock a "hold" rating in a research note on Monday, June 24th. Royal Bank of Canada upped their price objective on shares of CarMax from $73.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, June 24th. Argus raised shares of CarMax to a "hold" rating in a research report on Tuesday, June 25th. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 target price on shares of CarMax in a report on Monday, June 24th. Finally, Evercore ISI increased their price target on shares of CarMax from $68.00 to $72.00 and gave the company an "in-line" rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $76.25.

CarMax Price Performance

Shares of KMX stock traded down $1.52 during trading on Tuesday, hitting $83.03. The company had a trading volume of 1,062,024 shares, compared to its average volume of 1,909,409. The firm has a market capitalization of $12.96 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.69. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The stock's 50-day moving average price is $78.92 and its 200 day moving average price is $76.14.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. Equities analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Insider Buying and Selling

In other CarMax news, CEO William D. Nash sold 120,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the completion of the transaction, the chief financial officer now owns 20,260 shares of the company's stock, valued at approximately $1,690,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Nash sold 120,000 shares of the firm's stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. The disclosure for this sale can be found here. Insiders sold 185,243 shares of company stock valued at $14,893,042 over the last quarter. 1.66% of the stock is owned by company insiders.

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.