Eubel Brady & Suttman Asset Management Inc. Has $14.80 Million Stake in CarMax, Inc. $KMX

Eubel Brady & Suttman Asset Management Inc. reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 382,955 shares of the company’s stock after selling 23,702 shares during the quarter. CarMax accounts for 1.7% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 29th biggest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in CarMax were worth $14,797,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Kinsale Capital Group Inc. acquired a new stake in CarMax during the fourth quarter worth about $4,681,000. Qsemble Capital Management LP acquired a new stake in CarMax during the fourth quarter worth about $3,121,000. Northwestern Mutual Wealth Management Co. grew its stake in CarMax by 6,105.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 328,072 shares of the company’s stock worth $12,677,000 after buying an additional 322,785 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in CarMax by 1,058.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 124,515 shares of the company’s stock worth $4,811,000 after buying an additional 113,771 shares in the last quarter. Finally, Allworth Financial LP grew its stake in CarMax by 8.0% during the fourth quarter. Allworth Financial LP now owns 6,572 shares of the company’s stock worth $254,000 after buying an additional 486 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Barclays lowered their price objective on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, April 16th. Evercore set a $45.00 price objective on shares of CarMax in a research report on Friday, April 10th. Robert W. Baird upped their price objective on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. increased their price target on CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $41.21.

CarMax Stock Performance

Shares of KMX stock opened at $36.99 on Friday. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99. The firm has a 50-day moving average of $41.01 and a 200-day moving average of $41.20. The company has a market cap of $5.25 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts forecast that CarMax, Inc. will post 2.3 EPS for the current fiscal year.

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.