B. Metzler seel. Sohn & Co. AG Has $300,000 Stock Position in CarMax, Inc. $KMX

Key Points

• B. Metzler seel. Sohn & Co. AG has significantly decreased its stake in CarMax, Inc. by 56.3%, now holding just 3,846 shares worth approximately $300,000.
• Other institutional investors made notable adjustments as well, with Fuller & Thaler Asset Management increasing its stake by 626.1% and GAMMA Investing LLC by 8,675.6% during the same quarter.
• CarMax recently reported earnings of $1.38 per share, beating estimates, and expects to post average earnings of 3.23 per share for the current fiscal year.

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 56.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,846 shares of the company's stock after selling 4,947 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in CarMax were worth $300,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. WS Management Lllp lifted its position in shares of CarMax by 0.5% during the 1st quarter. WS Management Lllp now owns 100,455 shares of the company's stock worth $7,827,000 after purchasing an additional 455 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of CarMax by 14.1% during the 1st quarter. Gabelli Funds LLC now owns 73,000 shares of the company's stock worth $5,688,000 after purchasing an additional 9,000 shares during the last quarter. Comerica Bank lifted its position in shares of CarMax by 62.9% during the 1st quarter. Comerica Bank now owns 37,953 shares of the company's stock worth $2,957,000 after purchasing an additional 14,659 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of CarMax by 77.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,290 shares of the company's stock worth $98,000 after purchasing an additional 563 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of CarMax during the 1st quarter worth about $100,000.

CarMax Price Performance

CarMax stock traded up $0.46 during trading hours on Wednesday, hitting $60.15. 5,082,838 shares of the stock were exchanged, compared to its average volume of 2,409,117. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. The stock has a market capitalization of $9.03 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.00 and a beta of 1.35. CarMax, Inc. has a 12 month low of $54.53 and a 12 month high of $91.25. The business's 50-day moving average is $61.53 and its two-hundred day moving average is $67.59.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.20. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The firm had revenue of $7.55 billion for the quarter, compared to analysts' expectations of $7.58 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Insider Transactions at CarMax

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of CarMax stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $70.64, for a total value of $108,785.60. Following the completion of the transaction, the executive vice president owned 2,779 shares in the company, valued at approximately $196,308.56. The trade was a 35.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Mizuho cut their price objective on CarMax from $80.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, July 3rd. Wall Street Zen raised CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Stephens reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CarMax in a report on Tuesday, August 19th. Truist Financial boosted their price objective on CarMax from $72.00 to $74.00 and gave the company a "hold" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley initiated coverage on CarMax in a research note on Tuesday, July 1st. They issued an "overweight" rating and a $80.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, CarMax currently has an average rating of "Moderate Buy" and a consensus price target of $81.50.

CarMax Company 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.