Nexus Investment Management ULC Has $20.13 Million Stock Position in CarMax, Inc. $KMX

Nexus Investment Management ULC boosted its stake in CarMax, Inc. (NYSE:KMX) by 18.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,710 shares of the company’s stock after purchasing an additional 71,065 shares during the quarter. CarMax comprises 2.9% of Nexus Investment Management ULC’s investment portfolio, making the stock its 18th biggest position. Nexus Investment Management ULC’s holdings in CarMax were worth $20,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after buying an additional 173 shares during the period. Jones Financial Companies Lllp boosted its position in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after acquiring an additional 161 shares in the last quarter. Empowered Funds LLC boosted its position in shares of CarMax by 12.5% during the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock worth $411,000 after acquiring an additional 585 shares in the last quarter. Intech Investment Management LLC increased its stake in CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after acquiring an additional 7,307 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in CarMax during the first quarter valued at approximately $727,000.

Analysts Set New Price Targets

KMX has been the subject of several recent analyst reports. Bank of America upped their target price on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a research note on Friday, December 19th. BNP Paribas Exane dropped their price objective on CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Truist Financial raised their price objective on CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Royal Bank Of Canada boosted their target price on CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. Finally, Stephens reduced their price target on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CarMax has a consensus rating of “Reduce” and an average target price of $39.36.

CarMax Stock Performance

Shares of KMX stock opened at $45.25 on Monday. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.09 and a beta of 1.29. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The business’s 50-day moving average price is $38.27 and its 200-day moving average price is $49.87. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $89.47.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same quarter last year, the business earned $0.81 EPS. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. Equities research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

CarMax News Roundup

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Zacks raised FY2027 and FY2028 EPS forecasts (FY2027: $2.98 from $2.92; FY2028: $3.15 from $3.14), signaling slightly improved medium‑term profit expectations. Zacks raises FY estimates
• Positive Sentiment: Zacks also nudged up several quarterly estimates for 2027/2028 (Q1 2027 to $1.34 from $1.32; Q3 2027 to $0.67 from $0.62; Q4 2027 to $0.11 from $0.10; Q2 2028 to $0.92 from $0.91), which helps the narrative of modest earnings recovery. Zacks raises quarterly estimates
• Neutral Sentiment: Zacks kept a “Hold” rating on KMX and the broader consensus full‑year EPS remains near $3.23 — the revisions are incremental rather than a major re‑rating. Zacks hold rating
• Negative Sentiment: Offsetting some upside, Zacks trimmed a couple of near‑term estimates (Q1 2028 lowered to $1.31 from $1.33; Q2 2027 cut to $0.86 from $0.89), highlighting lingering near‑term demand/seasonality uncertainty. Zacks cuts near-term estimates

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.