Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in CarMax, Inc. (NYSE:KMX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,223 shares of the company’s stock after purchasing an additional 157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CarMax were worth $1,782,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KMX. Allworth Financial LP increased its holdings in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. Ronald Blue Trust Inc. grew its holdings in shares of CarMax by 194.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after acquiring an additional 289 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 400 shares during the period. Mendota Financial Group LLC purchased a new position in shares of CarMax during the 4th quarter worth approximately $37,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of CarMax by 38.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 858 shares of the company’s stock worth $66,000 after acquiring an additional 238 shares during the period.

CarMax Stock Performance

KMX stock opened at $70.27 on Thursday. The stock has a market capitalization of $11.06 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The stock’s 50 day simple moving average is $78.13 and its 200 day simple moving average is $72.11.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. As a group, research analysts forecast that CarMax, Inc. will post 3.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on KMX shares. Truist Financial reduced their target price on CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a report on Friday, April 12th. Needham & Company LLC reduced their target price on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Robert W. Baird dropped their price target on CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Finally, Bank of America boosted their price target on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax presently has an average rating of “Hold” and a consensus target price of $77.42.

Insider Buying and Selling at CarMax

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.