Swiss National Bank lifted its holdings in CarMax Inc (NYSE:KMX) by 0.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 684,000 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned 375,143.97% of CarMax worth $51,854,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of CarMax by 1.5% in the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock valued at $706,487,000 after purchasing an additional 142,175 shares in the last quarter. Prudential Financial Inc. boosted its stake in CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after buying an additional 15,545 shares during the period. Parkwood LLC boosted its stake in CarMax by 45.5% during the third quarter. Parkwood LLC now owns 92,516 shares of the company’s stock worth $7,014,000 after buying an additional 28,940 shares during the period. State of Tennessee Treasury Department boosted its stake in CarMax by 34.2% during the third quarter. State of Tennessee Treasury Department now owns 155,244 shares of the company’s stock worth $11,769,000 after buying an additional 39,586 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in CarMax by 2.1% during the third quarter. State of Wisconsin Investment Board now owns 162,087 shares of the company’s stock worth $12,288,000 after buying an additional 3,378 shares during the period.

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In related news, COO William C. Jr. Wood sold 201,701 shares of CarMax stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $73.56, for a total value of $14,837,125.56. Following the completion of the sale, the chief operating officer now directly owns 146,717 shares in the company, valued at $10,792,502.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total value of $98,930.00. The disclosure for this sale can be found here. Insiders sold 609,955 shares of company stock valued at $45,098,618 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Shares of CarMax Inc (NYSE KMX) opened at $72.35 on Tuesday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. The stock has a market cap of $13,251.74, a price-to-earnings ratio of 19.97, a PEG ratio of 1.23 and a beta of 1.52. CarMax Inc has a one year low of $54.17 and a one year high of $77.64.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.03. The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. sell-side analysts predict that CarMax Inc will post 3.83 EPS for the current fiscal year.

KMX has been the subject of several recent analyst reports. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Oppenheimer Holdings, Inc. lowered shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. in a research note on Thursday, October 5th. CIBC lifted their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 19th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Friday, September 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of CarMax from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $77.93.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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