Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in CarMax, Inc. (NYSE:KMX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in CarMax, Inc. by 12.1%, selling 13,148 shares and holding approximately 0.06% of the company, valued at $7.4 million.
• CarMax experienced mixed analyst ratings, with two ratings as sell, three as hold, and nine as buy, reflecting a consensus rating of "Moderate Buy" with a price target of $83.67.
• Recently, CarMax reported quarterly earnings of $1.38 per share, exceeding expectations, while its revenue was up 6.1% year-over-year at $7.55 billion.

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,069 shares of the company's stock after selling 13,148 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of CarMax worth $7,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in CarMax by 13.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company's stock valued at $1,571,000 after purchasing an additional 2,375 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of CarMax during the first quarter worth $1,753,000. Sequoia Financial Advisors LLC increased its holdings in CarMax by 5.5% in the first quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock valued at $262,000 after purchasing an additional 176 shares during the period. B. Metzler seel. Sohn & Co. AG raised its position in CarMax by 128.6% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company's stock worth $719,000 after purchasing an additional 4,947 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in CarMax by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 60,653 shares of the company's stock worth $4,726,000 after buying an additional 2,078 shares during the period.

CarMax Stock Down 0.7%

Shares of KMX stock traded down $0.43 during trading hours on Monday, reaching $60.29. The company had a trading volume of 2,104,625 shares, compared to its average volume of 2,947,428. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 0.98 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. CarMax, Inc. has a 12 month low of $59.96 and a 12 month high of $91.25. The business has a fifty day simple moving average of $65.49 and a 200-day simple moving average of $72.24.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping 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 company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $70.64, for a total transaction of $108,785.60. Following the sale, the executive vice president owned 2,779 shares in the company, valued at $196,308.56. This represents a 35.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

KMX has been the subject of a number of analyst reports. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Needham & Company LLC restated a "buy" rating and set a $92.00 price target on shares of CarMax in a report on Monday, June 23rd. Robert W. Baird reduced their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded shares of CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Mizuho cut their price target on shares of CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.67.

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.