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CarMax, Inc. $KMX Holdings Lowered by Banco Bilbao Vizcaya Argentaria S.A.

CarMax logo with Retail/Wholesale background

Key Points

  • Banco Bilbao Vizcaya Argentaria significantly reduced its stake in CarMax, Inc. by 81.4%, owning only 5,348 shares after selling 23,355 shares in the first quarter.
  • Several institutional investors, including Redmond Asset Management LLC and Sequoia Financial Advisors LLC, modestly increased their stakes in CarMax during the same period.
  • Analysts have differing views on CarMax, with a consensus rating of "Moderate Buy" and a target price of $81.50, along with several firms revising their price targets up recently.
  • Looking to export and analyze CarMax data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 81.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,348 shares of the company's stock after selling 23,355 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CarMax were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMX. Redmond Asset Management LLC boosted its holdings in shares of CarMax by 0.3% in the first quarter. Redmond Asset Management LLC now owns 50,803 shares of the company's stock worth $3,959,000 after buying an additional 152 shares during the period. Maia Wealth LLC boosted its stake in CarMax by 0.6% in the 1st quarter. Maia Wealth LLC now owns 26,099 shares of the company's stock worth $2,034,000 after purchasing an additional 157 shares during the period. Sequoia Financial Advisors LLC boosted its stake in CarMax by 5.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock worth $262,000 after purchasing an additional 176 shares during the period. Nicolet Advisory Services LLC grew its position in CarMax by 6.3% during the 1st quarter. Nicolet Advisory Services LLC now owns 3,576 shares of the company's stock worth $279,000 after purchasing an additional 212 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in CarMax by 3.8% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,590 shares of the company's stock valued at $513,000 after purchasing an additional 243 shares during the period.

Analyst Upgrades and Downgrades

KMX has been the subject of several recent analyst reports. Truist Financial raised their target price on CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a research report on Monday, June 23rd. Royal Bank Of Canada lifted their target price on CarMax from $80.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, June 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 target price on shares of CarMax in a report on Monday, June 23rd. Benchmark began coverage on shares of CarMax in a report on Thursday, July 17th. They set a "buy" rating and a $75.00 price target for the company. Finally, Wedbush reaffirmed an "outperform" rating and set a $84.00 price objective on shares of CarMax in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

View Our Latest Research Report on KMX

Insider Activity at CarMax

In other news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the transaction, the executive vice president owned 2,779 shares in the company, valued at $196,308.56. This represents 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. 1.70% of the stock is currently owned by company insiders.

CarMax Stock Up 3.7%

KMX opened at $60.0160 on Friday. The company has a market capitalization of $9.01 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. CarMax, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $91.25. The business has a 50-day moving average of $62.43 and a 200-day moving average of $68.90.

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

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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