DekaBank Deutsche Girozentrale Grows Stock Holdings in CarMax, Inc. (NYSE:KMX)

DekaBank Deutsche Girozentrale grew its holdings in CarMax, Inc. (NYSE:KMX) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,541 shares of the company’s stock after purchasing an additional 1,428 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CarMax were worth $2,362,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of CarMax by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock valued at $1,706,790,000 after buying an additional 303,973 shares during the period. BlackRock Inc. increased its holdings in CarMax by 1.8% in the 1st quarter. BlackRock Inc. now owns 10,633,886 shares of the company’s stock valued at $683,546,000 after purchasing an additional 184,104 shares during the last quarter. Akre Capital Management LLC increased its holdings in CarMax by 0.7% in the 1st quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock valued at $708,159,000 after purchasing an additional 49,780 shares during the last quarter. State Street Corp grew its stake in shares of CarMax by 3.2% in the second quarter. State Street Corp now owns 6,220,212 shares of the company’s stock worth $520,632,000 after acquiring an additional 193,111 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of CarMax by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,548,673 shares of the company’s stock worth $392,458,000 after acquiring an additional 210,440 shares in the last quarter.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $355,515.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at $355,515.84. The disclosure for this sale can be found here. Insiders sold a total of 38,929 shares of company stock valued at $2,740,901 over the last ninety days. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of KMX opened at $71.41 on Friday. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The stock has a market cap of $11.28 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.71. The firm has a fifty day moving average price of $78.80 and a 200 day moving average price of $72.16.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $0.44 earnings per share. CarMax’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wedbush boosted their price target on shares of CarMax from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Robert W. Baird dropped their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday. Truist Financial dropped their price target on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday. Mizuho dropped their price target on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Bank of America boosted their price target on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $78.67.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.