Swiss National Bank Has $19.58 Million Stake in CarMax, Inc. $KMX

Swiss National Bank lowered its holdings in CarMax, Inc. (NYSE:KMX) by 32.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 291,300 shares of the company’s stock after selling 142,500 shares during the quarter. Swiss National Bank’s holdings in CarMax were worth $19,578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Zions Bancorporation National Association UT bought a new position in shares of CarMax in the first quarter valued at $27,000. Accent Capital Management LLC bought a new position in CarMax in the 1st quarter valued at about $34,000. Strengthening Families & Communities LLC boosted its stake in CarMax by 93.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after purchasing an additional 256 shares during the last quarter. Quarry LP increased its holdings in CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after purchasing an additional 233 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in CarMax by 25.8% during the 2nd quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock worth $76,000 after purchasing an additional 232 shares in the last quarter.

CarMax Stock Performance

Shares of KMX opened at $38.23 on Thursday. The firm has a market cap of $5.61 billion, a PE ratio of 11.21, a PEG ratio of 0.81 and a beta of 1.26. The stock’s fifty day moving average price is $42.47 and its two-hundred day moving average price is $55.79. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.39). CarMax had a return on equity of 8.51% and a net margin of 1.98%.The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMX. Morgan Stanley restated an “equal weight” rating and issued a $35.00 target price (down previously from $56.00) on shares of CarMax in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Tuesday, October 14th. Robert W. Baird dropped their price target on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Evercore ISI cut their price target on shares of CarMax from $52.00 to $35.00 and set an “in-line” rating on the stock in a report on Thursday, November 6th. Finally, Barclays began coverage on shares of CarMax in a research note on Tuesday, November 11th. They issued an “underweight” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $41.54.

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.