Swiss National Bank Has $11.67 Million Stake in CarMax, Inc. $KMX

Swiss National Bank reduced its holdings in CarMax, Inc. (NYSE:KMX) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,600 shares of the company’s stock after selling 8,800 shares during the quarter. Swiss National Bank owned approximately 0.20% of CarMax worth $11,667,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KMX. SRS Investment Management LLC raised its position in CarMax by 1,717.5% in the 4th quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after purchasing an additional 5,327,603 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of CarMax by 151.8% during the fourth quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock worth $306,429,000 after purchasing an additional 4,780,903 shares during the last quarter. Norges Bank bought a new stake in shares of CarMax during the fourth quarter worth $159,232,000. Arrowstreet Capital Limited Partnership increased its stake in shares of CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after buying an additional 1,494,205 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of CarMax by 1,467.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,149,000 shares of the company’s stock valued at $44,397,000 after buying an additional 1,075,700 shares during the last quarter.

CarMax Price Performance

Shares of KMX stock opened at $58.31 on Monday. The stock has a 50-day moving average price of $49.69 and a 200 day moving average price of $45.21. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 2.70 and a beta of 1.17. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $62.56.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.35. The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 EPS. Research analysts expect that CarMax, Inc. will post 2.7 EPS for the current year.

Insider Buying and Selling

In other CarMax news, Director Peter J. Bensen bought 2,500 shares of the stock in a transaction on Monday, June 22nd. The stock was purchased at an average price of $52.20 per share, with a total value of $130,500.00. Following the acquisition, the director owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. The trade was a 11.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keith Barr bought 9,400 shares of the stock in a transaction on Monday, June 22nd. The shares were acquired at an average cost of $53.01 per share, with a total value of $498,294.00. Following the acquisition, the chief executive officer directly owned 33,375 shares in the company, valued at approximately $1,769,208.75. This trade represents a 39.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 13,900 shares of company stock valued at $735,574 over the last ninety days. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMX shares. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective for the company in a research report on Thursday, June 18th. Benchmark reaffirmed a “hold” rating on shares of CarMax in a research note on Thursday, June 18th. Mizuho upped their target price on shares of CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of CarMax from $37.00 to $38.00 and gave the company an “underweight” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $49.33.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.