ProShare Advisors LLC Has $2.19 Million Stock Position in CarMax, Inc. $KMX

ProShare Advisors LLC increased its position in CarMax, Inc. (NYSE:KMX) by 72.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,766 shares of the company’s stock after buying an additional 20,456 shares during the period. ProShare Advisors LLC’s holdings in CarMax were worth $2,188,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in CarMax in the second quarter worth approximately $28,000. MUFG Securities EMEA plc acquired a new position in shares of CarMax during the second quarter worth approximately $30,000. Strengthening Families & Communities LLC lifted its holdings in shares of CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares in the last quarter. Smartleaf Asset Management LLC grew its position in CarMax by 121.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock valued at $45,000 after purchasing an additional 539 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in CarMax by 88.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock valued at $60,000 after purchasing an additional 625 shares in the last quarter.

CarMax News Summary

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: New CEO with digital and customer-focus credentials — Keith Barr, who led IHG Hotels & Resorts, will become CarMax’s CEO on March 16; investors hope his hospitality/digital background can accelerate omnichannel improvements and customer experience upgrades that could stabilize sales and margins. Keith Barr Takes CarMax Helm As Digital And Customer Focus Deepens
• Positive Sentiment: Market narrative shift toward a turnaround plan — major outlets report the hire as signaling a strategic pivot to digital and service-led differentiation, which can be seen as a credible first step to rebuild investor confidence. CarMax Taps Hotel Veteran to Lead Turnaround
• Neutral Sentiment: Formal appointment and board changes — CarMax issued an official press release confirming Barr’s appointment, the effective date (March 16), and board role shifts (interim CEO returning to director duties). This clarifies succession but is procedural. CarMax Names Keith Barr as Chief Executive Officer
• Neutral Sentiment: Media skepticism on fit — several outlets note Barr isn’t an auto-industry executive, framing the hire as unconventional; that raises questions about how transferable his hotel/digital playbook will be to used-car retail. CarMax Names a New CEO. He’s Not a Car Guy.
• Negative Sentiment: Analyst maintains bearish view — J.P. Morgan’s Rajat Gupta kept a Sell rating citing elevated execution risk and intensifying competition from online rivals like Carvana, arguing a new CEO alone may not be enough to reverse margin pressure or lower inventory risk quickly. CarMax: Elevated Execution Risk and Intensifying Carvana Competition Justify Sell Rating Despite New CEO
• Negative Sentiment: Recent sharp share decline and fundamental headwinds — commentary and reporting highlight a recent plunge in the stock tied to falling demand and worries about the company’s ability to execute a turnaround, underscoring that investor optimism may be tenuous until operational results improve. Why CarMax Stock Just Crashed

CarMax Price Performance

CarMax stock opened at $41.38 on Friday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $89.47. The company’s 50 day moving average price is $43.18 and its two-hundred day moving average price is $46.66. The stock has a market cap of $5.87 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.99 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. CarMax had a return on equity of 7.72% and a net margin of 1.77%.CarMax’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. On average, equities analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMX. Evercore raised their price objective on shares of CarMax from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Tuesday, February 3rd. Benchmark reiterated a “hold” rating on shares of CarMax in a research note on Tuesday, December 16th. Royal Bank Of Canada boosted their price objective on CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Wall Street Zen lowered CarMax from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Wedbush cut their target price on CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $40.07.

CarMax Company Profile

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.