Assetmark Inc. Increases Stock Holdings in CarMax, Inc. $KMX

Assetmark Inc. increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 26.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 421,424 shares of the company’s stock after acquiring an additional 88,625 shares during the period. Assetmark Inc. owned approximately 0.29% of CarMax worth $18,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMX. AQR Capital Management LLC increased its holdings in CarMax by 195.3% in the second quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock valued at $298,107,000 after buying an additional 2,947,996 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of CarMax by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 3,298,113 shares of the company’s stock worth $221,666,000 after acquiring an additional 204,481 shares in the last quarter. Norges Bank acquired a new position in shares of CarMax in the 2nd quarter worth approximately $208,144,000. Invesco Ltd. increased its holdings in shares of CarMax by 4.7% in the 2nd quarter. Invesco Ltd. now owns 2,998,928 shares of the company’s stock valued at $201,558,000 after acquiring an additional 135,334 shares during the last quarter. Finally, First Pacific Advisors LP raised its position in shares of CarMax by 0.6% during the 2nd quarter. First Pacific Advisors LP now owns 2,431,244 shares of the company’s stock valued at $163,404,000 after acquiring an additional 15,270 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on KMX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. Benchmark restated a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Barclays boosted their price objective on shares of CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, January 21st. Stephens cut their target price on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. Finally, Evercore ISI set a $42.00 target price on CarMax in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $40.07.

CarMax Stock Performance

Shares of NYSE KMX opened at $41.38 on Friday. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $89.47. The company has a market cap of $5.87 billion, a PE ratio of 13.66, a P/E/G ratio of 0.99 and a beta of 1.35. The stock has a 50 day simple moving average of $43.18 and a 200-day simple moving average of $46.66. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

More CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: New CEO with digital and customer-focus credentials — Keith Barr, who led IHG Hotels & Resorts, will become CarMax’s CEO on March 16; investors hope his hospitality/digital background can accelerate omnichannel improvements and customer experience upgrades that could stabilize sales and margins. Keith Barr Takes CarMax Helm As Digital And Customer Focus Deepens
• Positive Sentiment: Market narrative shift toward a turnaround plan — major outlets report the hire as signaling a strategic pivot to digital and service-led differentiation, which can be seen as a credible first step to rebuild investor confidence. CarMax Taps Hotel Veteran to Lead Turnaround
• Neutral Sentiment: Formal appointment and board changes — CarMax issued an official press release confirming Barr’s appointment, the effective date (March 16), and board role shifts (interim CEO returning to director duties). This clarifies succession but is procedural. CarMax Names Keith Barr as Chief Executive Officer
• Neutral Sentiment: Media skepticism on fit — several outlets note Barr isn’t an auto-industry executive, framing the hire as unconventional; that raises questions about how transferable his hotel/digital playbook will be to used-car retail. CarMax Names a New CEO. He’s Not a Car Guy.
• Negative Sentiment: Analyst maintains bearish view — J.P. Morgan’s Rajat Gupta kept a Sell rating citing elevated execution risk and intensifying competition from online rivals like Carvana, arguing a new CEO alone may not be enough to reverse margin pressure or lower inventory risk quickly. CarMax: Elevated Execution Risk and Intensifying Carvana Competition Justify Sell Rating Despite New CEO
• Negative Sentiment: Recent sharp share decline and fundamental headwinds — commentary and reporting highlight a recent plunge in the stock tied to falling demand and worries about the company’s ability to execute a turnaround, underscoring that investor optimism may be tenuous until operational results improve. Why CarMax Stock Just Crashed

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.