Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of CarMax, Inc (NYSE:KMX) by 33.2% in the 1st quarter, HoldingsChannel reports. The fund owned 31,889 shares of the company’s stock after selling 15,850 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CarMax were worth $2,226,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Advisory Inc. lifted its holdings in shares of CarMax by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 2,551,474 shares of the company’s stock worth $160,054,000 after acquiring an additional 26,977 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CarMax by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 2,190,864 shares of the company’s stock worth $137,181,000 after buying an additional 140,198 shares in the last quarter. Northern Trust Corp lifted its holdings in CarMax by 2.8% during the 4th quarter. Northern Trust Corp now owns 1,962,841 shares of the company’s stock worth $123,129,000 after buying an additional 53,495 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CarMax by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,891 shares of the company’s stock worth $94,404,000 after buying an additional 258,689 shares in the last quarter. Finally, Norges Bank acquired a new stake in CarMax during the 4th quarter worth approximately $83,206,000.
Shares of KMX stock traded up $0.07 during mid-day trading on Thursday, hitting $77.78. The stock had a trading volume of 227,742 shares, compared to its average volume of 1,840,706. CarMax, Inc has a fifty-two week low of $55.24 and a fifty-two week high of $81.67. The stock has a market capitalization of $13.07 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.31. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.53 and a current ratio of 2.45.
CarMax (NYSE:KMX) last released its earnings results on Friday, March 29th. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.09. CarMax had a net margin of 4.64% and a return on equity of 24.67%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business earned $0.88 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that CarMax, Inc will post 5.13 earnings per share for the current fiscal year.
In related news, SVP Diane L. Cafritz sold 3,484 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total value of $247,503.36. Following the completion of the sale, the senior vice president now owns 11,331 shares in the company, valued at $804,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the completion of the sale, the executive vice president now owns 35,160 shares of the company’s stock, valued at approximately $2,733,338.40. The disclosure for this sale can be found here. Insiders sold a total of 383,655 shares of company stock valued at $27,437,638 in the last 90 days. Company insiders own 1.97% of the company’s stock.
A number of equities research analysts have issued reports on KMX shares. Wedbush lowered shares of CarMax from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $60.00 in a report on Friday, January 18th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $83.00 to $93.00 in a research report on Monday, April 1st. ValuEngine downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Credit Suisse Group increased their target price on shares of CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.36.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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