Curated Wealth Partners LLC Sells 72,340 Shares of CarMax, Inc. $KMX

Curated Wealth Partners LLC cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 87.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,657 shares of the company’s stock after selling 72,340 shares during the period. Curated Wealth Partners LLC’s holdings in CarMax were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of CarMax by 28.1% during the first quarter. Bessemer Group Inc. now owns 156,121 shares of the company’s stock valued at $6,491,000 after purchasing an additional 34,211 shares in the last quarter. State Street Corp lifted its stake in shares of CarMax by 5.6% in the 2nd quarter. State Street Corp now owns 5,156,276 shares of the company’s stock worth $272,715,000 after purchasing an additional 271,216 shares during the period. Bank of America Corp DE boosted its stake in shares of CarMax by 61.7% during the 1st quarter. Bank of America Corp DE now owns 1,687,359 shares of the company’s stock worth $70,160,000 after acquiring an additional 643,834 shares during the last quarter. WINTON GROUP Ltd lifted its position in CarMax by 181.0% during the second quarter. WINTON GROUP Ltd now owns 38,780 shares of the company’s stock valued at $2,051,000 after purchasing an additional 24,977 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of CarMax during the 1st quarter valued at approximately $1,688,000.

CarMax Trading Up 1.3%

Shares of NYSE:KMX opened at $53.29 on Friday. The company has a current ratio of 2.33, a quick ratio of 0.57 and a debt-to-equity ratio of 2.66. The business has a 50 day moving average of $58.32 and a two-hundred day moving average of $51.18. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $65.28. The company has a market capitalization of $7.56 billion, a PE ratio of 26.00, a PEG ratio of 1.48 and a beta of 1.23.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.73 by $0.43. CarMax had a return on equity of 7.76% and a net margin of 1.06%. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company earned $0.64 earnings per share. CarMax’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, analysts forecast that CarMax, Inc. will post 3.10 EPS for the current year.

Analyst Ratings Changes

KMX has been the topic of several recent analyst reports. BNP Paribas Exane reissued a “strong sell” rating and set a $48.00 target price (up from $33.00) on shares of CarMax in a research note on Wednesday, September 30th. Barclays lifted their price target on CarMax from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 30th. Stephens boosted their price objective on shares of CarMax from $66.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. Bank of America raised CarMax from an “underperform” rating to a “buy” rating and upped their price objective for the company from $50.00 to $65.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of CarMax from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price of $57.85.

More CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Bank of America upgraded CarMax to Buy from Underperform and raised its price target to $65 from $50. The firm cited CarMax’s improved price competitiveness, cost reductions and expected market-share gains. It also believes enforcement of the Federal Trade Commission’s price-transparency rules could provide a lasting sales benefit. BofA Securities Upgrades CarMax to Buy From Underperform, Adjusts Price Target to $65 From $50
• Positive Sentiment: Zacks upgraded KMX to Rank #1, or Strong Buy, reflecting increased optimism about the company’s earnings outlook. CarMax was also included on Zacks’ list of top value stocks, which may attract additional value-oriented interest. CarMax Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Zacks Research raised numerous CarMax earnings forecasts, including estimates for fiscal 2027, fiscal 2028 and fiscal 2029. Its FY2029 EPS projection increased to $4.25 from $2.91, while FY2027 and FY2028 estimates rose to $3.39 and $3.68, respectively. These revisions reinforce expectations for improving profitability. CarMax Earnings Estimate Revisions
• Neutral Sentiment: Recent analysis compares CarMax with Genuine Parts and other retail-wholesale companies on valuation and year-to-date performance. The coverage may influence how investors assess KMX’s relative value, but it does not represent a new company operating update. KMX vs. GPC: Which Stock Is the Better Value Option?
• Negative Sentiment: CarMax had recently fallen sharply, losing 15.3% over four weeks before the latest rebound. Although technical indicators showed the stock as oversold and earnings revisions suggested a potential reversal, the decline highlights continued volatility and investor sensitivity to the company’s outlook. CarMax Loses 15.3% in 4 Weeks

About CarMax

CarMax, Inc is a retailer of used vehicles operating in the United States. The company sells a broad selection of used cars, trucks and SUVs through its dealership network and online platform, offering customers the ability to research, purchase and arrange delivery for vehicles through an omnichannel shopping experience.

In addition to retail vehicle sales, CarMax provides vehicle financing through CarMax Auto Finance and offers customers access to extended protection products and related services.