Swiss National Bank Sells 25,600 Shares of CarMax, Inc. (NYSE:KMX)

Swiss National Bank reduced its holdings in CarMax, Inc. (NYSE:KMX) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 437,600 shares of the company’s stock after selling 25,600 shares during the period. Swiss National Bank owned approximately 0.28% of CarMax worth $35,778,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in CarMax by 91.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,006 shares of the company’s stock worth $82,000 after buying an additional 480 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of CarMax by 107.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,867 shares of the company’s stock valued at $316,000 after purchasing an additional 1,999 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of CarMax by 10.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock valued at $261,000 after purchasing an additional 307 shares during the period. HighTower Advisors LLC increased its position in shares of CarMax by 41.5% during the fourth quarter. HighTower Advisors LLC now owns 8,021 shares of the company’s stock valued at $656,000 after purchasing an additional 2,353 shares during the period. Finally, King Luther Capital Management Corp increased its position in shares of CarMax by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 55,680 shares of the company’s stock valued at $4,552,000 after purchasing an additional 349 shares during the period.

CarMax Price Performance

CarMax stock opened at $69.89 on Monday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The firm has a market cap of $10.75 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.67 and a beta of 1.76. The business’s fifty day moving average is $81.77 and its two-hundred day moving average is $79.90. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion for 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 in the previous year, the firm earned $0.52 earnings per share. Equities research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at $84,873.50. This represents a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were 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 $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMX has been the topic of a number of research reports. Evercore ISI lowered their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. boosted their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Needham & Company LLC boosted their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.45.

CarMax 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.