Zurcher Kantonalbank Zurich Cantonalbank Increases Position in CarMax, Inc. (NYSE:KMX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,223 shares of the company’s stock after acquiring an additional 157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CarMax were worth $1,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of KMX. Allworth Financial LP boosted its holdings in CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in CarMax by 194.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 289 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new position in CarMax in the 4th quarter valued at about $37,000. Finally, Harbor Investment Advisory LLC boosted its holdings in CarMax by 38.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 858 shares of the company’s stock valued at $66,000 after purchasing an additional 238 shares during the last quarter.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the sale, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $355,515.84. The disclosure for this sale can be found here. 1.66% of the stock is owned by company insiders.

CarMax Price Performance

CarMax stock opened at $70.27 on Thursday. The firm has a market cap of $11.06 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. The company’s 50 day moving average is $78.13 and its two-hundred day moving average is $72.11.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, research analysts expect that CarMax, Inc. will post 3.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on KMX. Wedbush reiterated an “outperform” rating and issued a $90.00 target price on shares of CarMax in a report on Tuesday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Needham & Company LLC decreased their target price on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. StockNews.com upgraded shares of CarMax to a “sell” rating in a report on Monday. Finally, Evercore ISI decreased their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $77.42.

CarMax Profile

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.