Atlantic Union Bankshares Corp Raises Stake in CarMax, Inc. $KMX

Atlantic Union Bankshares Corp increased its stake in CarMax, Inc. (NYSE:KMX) by 11,029.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,156 shares of the company’s stock after buying an additional 26,912 shares during the period. Atlantic Union Bankshares Corp’s holdings in CarMax were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. CYBER HORNET ETFs LLC purchased a new position in shares of CarMax during the second quarter worth approximately $28,000. MUFG Securities EMEA plc bought a new position in CarMax in the second quarter worth approximately $30,000. ST Germain D J Co. Inc. increased its holdings in CarMax by 88.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock worth $60,000 after purchasing an additional 625 shares during the period. Mather Group LLC. bought a new stake in CarMax during the 3rd quarter valued at $61,000. Finally, Hollencrest Capital Management raised its position in CarMax by 39.9% during the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock valued at $71,000 after purchasing an additional 300 shares in the last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of recent research reports. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada increased their target price on shares of CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Benchmark reissued a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Bank of America upped their price target on shares of CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a research report on Friday, December 19th. Finally, Wedbush cut their price objective on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Reduce” and a consensus target price of $39.93.

CarMax Stock Up 4.6%

Shares of CarMax stock opened at $47.23 on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The company has a market cap of $6.70 billion, a P/E ratio of 15.59, a PEG ratio of 1.08 and a beta of 1.35. The firm’s 50 day moving average price is $42.32 and its 200-day moving average price is $47.47. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $89.47.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. CarMax’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, sell-side analysts predict that CarMax, Inc. will post 3.23 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.