Pictet Asset Management Holding SA Has $7.87 Million Holdings in CarMax, Inc. (NYSE:KMX)

Pictet Asset Management Holding SA grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,297 shares of the company's stock after buying an additional 11,169 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of CarMax worth $7,873,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KMX. Cromwell Holdings LLC boosted its stake in shares of CarMax by 104.8% during the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after buying an additional 217 shares during the last quarter. Allworth Financial LP boosted its stake in CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock valued at $51,000 after acquiring an additional 249 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in CarMax during the 4th quarter worth $58,000. Farther Finance Advisors LLC raised its stake in shares of CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company's stock valued at $82,000 after purchasing an additional 480 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in CarMax in the fourth quarter worth about $85,000.

Insider Buying and Selling

In other CarMax news, EVP Mohammad Shamim sold 12,845 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $81.94, for a total transaction of $1,052,519.30. Following the completion of the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at $961,811.72. The trade was a 52.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 227 shares of the company's stock, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,723 shares of company stock worth $2,925,218. Corporate insiders own 1.66% of the company's stock.

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CarMax Stock Up 5.0 %

Shares of KMX traded up $3.72 during midday trading on Tuesday, hitting $77.48. The stock had a trading volume of 957,102 shares, compared to its average volume of 2,053,825. The company has a 50 day simple moving average of $80.04 and a two-hundred day simple moving average of $79.31. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55.

Analyst Ratings Changes

Several research analysts have recently issued reports on KMX shares. StockNews.com raised CarMax from a "sell" rating to a "hold" rating in a research note on Friday, December 20th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of CarMax in a report on Tuesday, April 1st. Evercore ISI dropped their price target on CarMax from $107.00 to $105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Truist Financial boosted their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Finally, Needham & Company LLC lifted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $90.64.

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.