CarMax, Inc. (NYSE:KMX) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in CarMax, Inc. (NYSE:KMX) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,016 shares of the company’s stock after selling 9,162 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CarMax were worth $2,291,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of CarMax by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after purchasing an additional 282,519 shares during the period. State Street Corp raised its holdings in shares of CarMax by 0.6% in the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares during the period. Janus Henderson Group PLC raised its holdings in shares of CarMax by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after purchasing an additional 28,466 shares during the period. Geode Capital Management LLC raised its holdings in shares of CarMax by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after purchasing an additional 14,903 shares during the period. Finally, FMR LLC raised its holdings in shares of CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after purchasing an additional 1,713,379 shares during the period.

Insider Transactions at CarMax

In related news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the completion of the transaction, the vice president now owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on KMX. JPMorgan Chase & Co. raised their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Truist Financial raised their target price on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Stephens began coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Finally, Needham & Company LLC raised their target price on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $90.45.

CarMax Price Performance

Shares of KMX opened at $69.89 on Monday. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.67 and a beta of 1.76. The stock has a 50 day moving average of $81.77 and a 200-day moving average of $79.90. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate 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%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. As a group, analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

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.