18,806 Shares in CarMax, Inc. $KMX Bought by Rockbridge Capital Management LLC

Rockbridge Capital Management LLC bought a new position in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,806 shares of the company’s stock, valued at approximately $727,000. CarMax accounts for 0.4% of Rockbridge Capital Management LLC’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in CarMax in the 2nd quarter worth $28,000. MUFG Securities EMEA plc bought a new stake in CarMax during the 2nd quarter worth about $30,000. Huntington National Bank lifted its position in CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in shares of CarMax in the 3rd quarter valued at about $31,000. Finally, Advisory Services Network LLC bought a new stake in shares of CarMax in the 3rd quarter valued at about $32,000.

CarMax Stock Performance

Shares of NYSE:KMX opened at $51.41 on Friday. The company’s 50 day moving average price is $41.61 and its two-hundred day moving average price is $42.08. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $71.99. The firm has a market cap of $7.29 billion, a PE ratio of 32.13, a PEG ratio of 1.83 and a beta of 1.21. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on KMX. Stephens increased their price target on shares of CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, April 2nd. Barclays lowered their price target on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of CarMax in a report on Wednesday, April 15th. Argus raised shares of CarMax to a “hold” rating in a report on Thursday, April 16th. Finally, Bank of America assumed coverage on shares of CarMax in a report on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $41.40.

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.