CarMax, Inc. (NYSE:KMX) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,600 shares of the company's stock after selling 25,600 shares during the period. Swiss National Bank owned about 0.28% of CarMax worth $35,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of CarMax by 9,900.0% in the third quarter. Assetmark Inc. now owns 1,400 shares of the company's stock worth $108,000 after purchasing an additional 1,386 shares during the last quarter. Apollon Wealth Management LLC increased its stake in CarMax by 77.5% during the third quarter. Apollon Wealth Management LLC now owns 4,915 shares of the company's stock worth $380,000 after acquiring an additional 2,146 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock worth $27,188,000 after acquiring an additional 10,898 shares during the last quarter. Victory Capital Management Inc. increased its stake in CarMax by 1.8% during the third quarter. Victory Capital Management Inc. now owns 52,929 shares of the company's stock worth $4,096,000 after acquiring an additional 923 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in CarMax by 7.5% during the third quarter. CIBC Asset Management Inc now owns 22,840 shares of the company's stock worth $1,767,000 after acquiring an additional 1,589 shares during the last quarter.

Remove Ads

CarMax Trading Up 1.2 %

Shares of NYSE KMX traded up $0.87 during trading hours on Thursday, reaching $71.70. The stock had a trading volume of 2,417,959 shares, compared to its average volume of 1,900,836. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.67 and a beta of 1.76. The business's fifty day moving average price is $81.22 and its two-hundred day moving average price is $79.64. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. CarMax's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 over the last 90 days. Company insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KMX shares. Mizuho boosted their price objective on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Friday, December 20th. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 target price on the stock. Truist Financial upped their target price on CarMax from $72.00 to $88.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, Needham & Company LLC upped their target price on CarMax from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $90.45.

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.