MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $3.74 Million Holdings in CarMax, Inc. (NYSE:KMX)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 20.1% in the first quarter, HoldingsChannel reports. The fund owned 42,913 shares of the company’s stock after buying an additional 7,181 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in CarMax were worth $3,738,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Leonard Rickey Investment Advisors P.L.L.C. boosted its position in CarMax by 26.6% during the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,785 shares of the company’s stock worth $330,000 after acquiring an additional 796 shares during the period. Alpha Omega Wealth Management LLC boosted its position in CarMax by 0.6% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 58,189 shares of the company’s stock worth $5,069,000 after acquiring an additional 320 shares during the period. Investment Research & Advisory Group Inc. boosted its position in CarMax by 15.5% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 22,577 shares of the company’s stock worth $1,967,000 after acquiring an additional 3,027 shares during the period. WoodTrust Financial Corp boosted its position in CarMax by 9.9% during the 1st quarter. WoodTrust Financial Corp now owns 11,000 shares of the company’s stock worth $958,000 after acquiring an additional 994 shares during the period. Finally, Cypress Wealth Services LLC acquired a new stake in shares of CarMax during the 1st quarter valued at about $237,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMX. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Monday, June 24th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Royal Bank of Canada lifted their price target on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Truist Financial lifted their price target on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Finally, Mizuho reduced their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.50.

CarMax Stock Performance

NYSE KMX traded up $2.07 during trading on Tuesday, hitting $73.28. The company’s stock had a trading volume of 1,728,208 shares, compared to its average volume of 2,022,126. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm has a 50 day moving average price of $70.72 and a 200 day moving average price of $74.04. The firm has a market cap of $11.44 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. Equities research analysts forecast that CarMax, Inc. will post 3.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of CarMax 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 transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Diane L. Cafritz sold 15,356 shares of the business’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 transaction of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the sale, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The disclosure for this sale can be found here. Company insiders own 1.66% of the company’s stock.

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.