Entropy Technologies LP Has $478,000 Stake in CarMax, Inc. $KMX

Entropy Technologies LP reduced its stake in CarMax, Inc. (NYSE:KMX) by 80.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,484 shares of the company’s stock after selling 46,082 shares during the quarter. Entropy Technologies LP’s holdings in CarMax were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new position in CarMax during the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in shares of CarMax in the second quarter valued at about $30,000. Huntington National Bank boosted its position in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the period. Advisory Services Network LLC acquired a new position in shares of CarMax during the third quarter worth about $32,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of CarMax during the fourth quarter worth about $33,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMX. Barclays raised CarMax from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $61.00 in a research report on Tuesday, July 21st. Bank of America upped their price target on CarMax from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 17th. Weiss Ratings raised shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 20th. Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, UBS Group set a $60.00 price objective on shares of CarMax in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $51.00.

CarMax Price Performance

NYSE:KMX opened at $59.10 on Thursday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. The stock’s 50-day simple moving average is $51.00 and its 200 day simple moving average is $45.55. The company has a market cap of $8.39 billion, a P/E ratio of 38.63, a P/E/G ratio of 2.73 and a beta of 1.17. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $62.56.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. CarMax’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that CarMax, Inc. will post 2.7 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sona Chawla acquired 2,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $53.39 per share, with a total value of $106,780.00. Following the acquisition, the director owned 21,702 shares in the company, valued at $1,158,669.78. This represents a 10.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith Barr bought 9,400 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $53.01 per share, with a total value of $498,294.00. Following the completion of the purchase, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at $1,769,208.75. This represents a 39.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 13,900 shares of company stock valued at $735,574 in the last 90 days. 1.01% of the stock is currently owned by insiders.

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.