Allianz Asset Management GmbH Trims Holdings in CarMax, Inc. (NYSE:KMX)

Allianz Asset Management GmbH trimmed its holdings in shares of CarMax, Inc. (NYSE:KMXFree Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,410 shares of the company’s stock after selling 3,172 shares during the quarter. Allianz Asset Management GmbH’s holdings in CarMax were worth $1,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMX. Allworth Financial LP grew its position in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in CarMax by 1,081.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares in the last quarter. Mendota Financial Group LLC purchased a new position in CarMax during the fourth quarter worth about $37,000. MCF Advisors LLC purchased a new position in CarMax during the fourth quarter worth about $46,000. Finally, Lindbrook Capital LLC grew its position in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after buying an additional 155 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC reduced their target price on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 price objective on shares of CarMax in a report on Monday, April 8th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Finally, Bank of America upped their price objective on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $76.92.

View Our Latest Research Report on KMX

CarMax Trading Down 1.3 %

NYSE KMX opened at $69.17 on Monday. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The stock has a 50-day moving average of $72.23 and a 200-day moving average of $73.49. The firm has a market cap of $10.89 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.69.

CarMax (NYSE:KMXGet Free Report) last released its 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). The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.1 EPS for the current year.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

CarMax Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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