KBC Group NV Cuts Stock Holdings in CarMax, Inc. (NYSE:KMX)

KBC Group NV lessened its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 15.7% during the 1st quarter, according to 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 quarter. KBC Group NV's holdings in CarMax were worth $1,491,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in CarMax in the fourth quarter valued at $53,000. Colonial Trust Co SC boosted its stake in shares of CarMax by 2,310.0% during the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares during the period. Blue Trust Inc. boosted its stake in shares of CarMax by 49.2% during the first quarter. Blue Trust Inc. now owns 898 shares of the company's stock worth $70,000 after buying an additional 296 shares during the period. Parallel Advisors LLC lifted its position in CarMax by 38.4% in the first quarter. Parallel Advisors LLC now owns 937 shares of the company's stock valued at $73,000 after purchasing an additional 260 shares during the period. Finally, True Wealth Design LLC lifted its position in CarMax by 123.8% in the fourth quarter. True Wealth Design LLC now owns 996 shares of the company's stock valued at $81,000 after purchasing an additional 551 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Truist Financial raised their target price on shares of CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a research report on Monday, June 23rd. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Mizuho decreased their price target on shares of CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Morgan Stanley assumed coverage on shares of CarMax in a report on Tuesday. They issued an "overweight" rating and a $80.00 price target on the stock. 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 given a strong buy rating to the company. Based on data from MarketBeat, CarMax presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.45.

Insider Activity

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

CarMax Stock Performance

CarMax stock opened at $69.94 on Friday. CarMax, Inc. has a 12-month low of $61.34 and a 12-month high of $91.25. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. The firm's fifty day moving average price is $66.18 and its 200 day moving average price is $74.38.

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, topping the consensus estimate 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 net margin of 2.09% and a return on equity of 9.11%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. On average, research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

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.

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