CarMax, Inc. (NYSE:KMX) Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG raised its holdings in CarMax, Inc. (NYSE:KMX) by 30.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,578 shares of the company’s stock after acquiring an additional 3,681 shares during the period. Raiffeisen Bank International AG’s holdings in CarMax were worth $1,184,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC raised its holdings in CarMax by 348.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company’s stock valued at $539,213,000 after acquiring an additional 5,122,850 shares during the last quarter. Janus Henderson Group PLC raised its holdings in CarMax by 0.6% in the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company’s stock valued at $381,978,000 after acquiring an additional 29,715 shares during the last quarter. Baird Financial Group Inc. raised its holdings in CarMax by 4.3% in the 4th quarter. Baird Financial Group Inc. now owns 2,887,526 shares of the company’s stock valued at $236,084,000 after acquiring an additional 119,666 shares during the last quarter. Invesco Ltd. raised its holdings in CarMax by 1.0% in the 4th quarter. Invesco Ltd. now owns 2,729,965 shares of the company’s stock valued at $223,202,000 after acquiring an additional 27,716 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its holdings in CarMax by 2.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,590,071 shares of the company’s stock valued at $211,764,000 after acquiring an additional 56,906 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of CarMax from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, June 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 target price on shares of CarMax in a report on Monday, June 23rd. Benchmark initiated coverage on shares of CarMax in a report on Thursday, July 17th. They issued a “buy” rating and a $75.00 target price for the company. Truist Financial lifted their target price on shares of CarMax from $72.00 to $74.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Finally, Cfra Research upgraded shares of CarMax to a “strong-buy” rating in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.67.

Insider Activity

In other news, EVP Jon G. Daniels sold 1,540 shares of CarMax stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the completion of the sale, the executive vice president directly 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 accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

CarMax Stock Performance

Shares of KMX stock opened at $54.71 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 2.39 and a debt-to-equity ratio of 2.86. CarMax, Inc. has a 52 week low of $54.53 and a 52 week high of $91.25. The stock has a market capitalization of $8.21 billion, a PE ratio of 15.11, a P/E/G ratio of 0.91 and a beta of 1.36. The firm has a 50 day moving average of $64.67 and a two-hundred day moving average of $71.33.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, June 20th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.18 by $0.20. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.58 billion. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. On average, research analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax Company 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.