Swiss National Bank Has $38.07 Million Holdings in CarMax, Inc. (NYSE:KMX)

Swiss National Bank lowered its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 496,100 shares of the company's stock after selling 12,900 shares during the period. Swiss National Bank owned approximately 0.31% of CarMax worth $38,071,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company's stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company's stock worth $34,000 after purchasing an additional 400 shares during the period. Mendota Financial Group LLC acquired a new stake in CarMax during the 4th quarter worth approximately $37,000. MCF Advisors LLC purchased a new position in CarMax in the fourth quarter valued at approximately $46,000. Finally, Lindbrook Capital LLC lifted its position in CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock valued at $48,000 after buying an additional 155 shares in the last quarter.

Analyst Ratings Changes

KMX has been the topic of several recent research reports. Needham & Company LLC reduced their target price on shares of CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a report on Friday, April 12th. Robert W. Baird lowered their target price on CarMax from $88.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, April 12th. Evercore ISI dropped their target price on CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a report on Friday, April 12th. Mizuho decreased their price target on CarMax from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of CarMax to a "sell" rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, CarMax currently has a consensus rating of "Hold" and a consensus target price of $77.42.

CarMax Stock Up 1.6 %

Shares of KMX traded up $1.11 during midday trading on Wednesday, hitting $70.34. The company had a trading volume of 1,672,274 shares, compared to its average volume of 2,022,912. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.15 and a beta of 1.64. The company's 50 day moving average price is $77.39 and its 200 day moving average price is $72.25. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, equities research analysts predict that CarMax, Inc. will post 3.27 EPS for the current year.

Insider Activity

In related news, EVP Diane L. Cafritz sold 15,356 shares of the firm's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.66% of the company's stock.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.