KBC Group NV Sells 3,577 Shares of CarMax, Inc. (NYSE:KMX)

KBC Group NV cut its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,143 shares of the company's stock after selling 3,577 shares during the period. KBC Group NV's holdings in CarMax were worth $1,491,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in CarMax by 10.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after purchasing an additional 307 shares during the period. Jones Financial Companies Lllp increased its stake in shares of CarMax by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock worth $426,000 after purchasing an additional 1,396 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of CarMax by 13.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company's stock worth $1,571,000 after purchasing an additional 2,375 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in CarMax by 128.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company's stock worth $719,000 after acquiring an additional 4,947 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in CarMax by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 60,653 shares of the company's stock worth $4,726,000 after acquiring an additional 2,078 shares during the last quarter.

Insider Buying and Selling

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total value of $108,785.60. Following the transaction, the executive vice president owned 2,779 shares in the company, valued at approximately $196,308.56. This represents a 35.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director owned 33,577 shares in the company, valued at approximately $2,198,957.73. This trade represents a 4.03% increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

KMX has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of CarMax in a research report on Wednesday, June 18th. Finally, Truist Financial boosted their target price on shares of CarMax from $72.00 to $74.00 and gave the company a "hold" rating in a research note on Monday, June 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CarMax currently has a consensus rating of "Moderate Buy" and an average price target of $84.45.

CarMax Price Performance

KMX stock traded down $1.86 on Monday, hitting $68.75. 2,486,814 shares of the company's stock traded hands, compared to its average volume of 2,395,965. CarMax, Inc. has a 1-year low of $61.34 and a 1-year high of $91.25. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.15 and a beta of 1.38. The stock has a fifty day moving average of $66.35 and a 200-day moving average of $74.07. The company has a current ratio of 2.39, a quick ratio of 0.80 and a debt-to-equity ratio of 2.86.

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

About CarMax

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.