CarMax, Inc. $KMX Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,457 shares of the company’s stock after selling 13,504 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CarMax were worth $1,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in CarMax by 73.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after acquiring an additional 1,494,205 shares during the period. Vulcan Value Partners LLC boosted its stake in CarMax by 135.2% in the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock valued at $104,569,000 after acquiring an additional 1,338,134 shares during the period. Hawk Ridge Capital Management LP acquired a new position in CarMax in the third quarter valued at approximately $43,702,000. Dimensional Fund Advisors LP grew its holdings in shares of CarMax by 33.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after purchasing an additional 918,553 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of CarMax by 222.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 853,964 shares of the company’s stock valued at $57,395,000 after purchasing an additional 588,901 shares during the last quarter.

CarMax Stock Performance

Shares of NYSE KMX opened at $38.63 on Wednesday. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $71.99. The company has a market cap of $5.48 billion, a PE ratio of 24.14, a P/E/G ratio of 1.38 and a beta of 1.30. The stock has a 50 day simple moving average of $42.02 and a 200-day simple moving average of $41.58. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. On average, equities research analysts forecast that CarMax, Inc. will post 2.41 EPS for the current year.

Analyst Ratings Changes

KMX has been the topic of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of CarMax in a report on Wednesday, April 15th. Barclays lowered their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, April 16th. JPMorgan Chase & Co. increased their target price on CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th. Robert W. Baird raised their target price on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $41.21.

About CarMax

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.