23,627 Shares in CarMax, Inc. $KMX Purchased by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC acquired a new stake in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,627 shares of the company’s stock, valued at approximately $913,000.

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

CarMax News Roundup

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: CarMax posted better-than-expected quarterly results last month, reporting EPS of $0.34 versus the $0.22 consensus and revenue of $5.95 billion versus $5.65 billion expected, which supports the stock’s longer-term rebound.
• Positive Sentiment: Wall Street Zen upgraded CarMax to a “Hold” rating, which may help stabilize investor sentiment. Article Title
• Neutral Sentiment: A report questioned whether CarMax’s finance-accounting leadership shift reflects confidence in the company’s strategy, but the item does not indicate a major change in fundamentals. Article Title
• Negative Sentiment: Zacks Research lowered its EPS estimates for multiple upcoming periods, including FY2027, FY2028, FY2029, and several quarterly forecasts, signaling slower expected earnings momentum for CarMax.
• Negative Sentiment: The repeated downward revisions to future earnings expectations could weigh on valuation if investors become more cautious about CarMax’s growth trajectory.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMX shares. Barclays raised their target price on CarMax from $26.00 to $31.00 and gave the company an “underweight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of CarMax from $35.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday. Argus upgraded shares of CarMax to a “hold” rating in a report on Thursday, April 16th. Bank of America began coverage on shares of CarMax in a research note on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 price objective for the company. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 target price on shares of CarMax in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $41.73.

CarMax Stock Up 0.0%

CarMax stock opened at $51.27 on Monday. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The stock’s fifty day moving average is $41.83 and its two-hundred day moving average is $42.19. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20.

CarMax (NYSE:KMX) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. Analysts predict that CarMax, Inc. will post 2.28 EPS for the current fiscal year.

CarMax 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.