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

Zurcher Kantonalbank Zurich Cantonalbank raised its position in CarMax, Inc. (NYSE:KMX) by 29.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 29,383 shares of the company’s stock after buying an additional 6,658 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CarMax were worth $2,155,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of CarMax during the 4th quarter worth $288,278,000. Morningstar Investment Services LLC grew its stake in shares of CarMax by 95.4% during the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after purchasing an additional 1,326,840 shares during the period. DAVENPORT & Co LLC grew its stake in shares of CarMax by 1,327.3% during the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock worth $89,070,000 after purchasing an additional 951,558 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of CarMax by 3,094.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after purchasing an additional 577,685 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of CarMax by 5,711.9% during the 4th quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock worth $32,781,000 after purchasing an additional 419,826 shares during the period.

Insider Activity

In other news, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. Insiders sold a total of 185,243 shares of company stock valued at $14,893,042 in the last 90 days. 1.66% of the stock is currently owned by insiders.

CarMax Price Performance

NYSE:KMX opened at $84.55 on Friday. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The company’s 50-day moving average is $78.69 and its two-hundred day moving average is $76.05. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the firm earned $1.16 EPS. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 16th. Needham & Company LLC decreased their price objective on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their price objective on shares of CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Finally, Truist Financial boosted their price objective on shares of CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.25.

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.