Alpha Omega Wealth Management LLC Has $1.71 Million Stock Position in CarMax, Inc. $KMX

Alpha Omega Wealth Management LLC decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,172 shares of the company’s stock after selling 18,038 shares during the period. Alpha Omega Wealth Management LLC’s holdings in CarMax were worth $1,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares during the period. Blue Trust Inc. lifted its position in CarMax by 20.0% during the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after purchasing an additional 237 shares during the period. Resonant Capital Advisors LLC lifted its position in CarMax by 4.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares during the period. Finally, Ossiam lifted its position in CarMax by 19.5% during the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares during the period.

More CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: CarMax agreed to add two directors — William “Bill” Cobb and Jim Kessler — including a Starboard nominee after talks with activist investor Starboard; the appointments are expected to accelerate changes around pricing, digital tools and cost efficiency, and are being received as a constructive governance outcome by investors. CarMax Announces William Cobb and Jim Kessler to Join the Board
• Neutral Sentiment: CarMax has refreshed its board with independent director nominees in filings and corporate announcements, signaling ongoing governance changes but leaving execution and timing uncertain until new directors are seated. CarMax refreshes board with new independent director nominees
• Neutral Sentiment: Investors are focused on Q4 results due April 14; Street estimates and valuation commentary are mixed — some analysts point to improving used-vehicle trends and relative valuation support, but the quarter will be the next clear data point. Unveiling CarMax (KMX) Q4 Outlook: Wall Street Estimates for Key Metrics
• Negative Sentiment: Several outlets report that analysts have trimmed EPS and revenue forecasts ahead of the quarter because of softer used-car demand — this creates downside risk if results or any guidance disappoint. Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q4 Earnings

CarMax Stock Performance

Shares of KMX stock opened at $45.31 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. The stock has a market cap of $6.42 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.13 and a beta of 1.30. The stock has a 50-day moving average of $42.94 and a 200-day moving average of $42.27. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99.

Analysts Set New Price Targets

A number of research analysts have issued reports on KMX shares. Truist Financial upped their target price on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Mizuho cut their target price on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Zacks Research upgraded shares of CarMax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, JPMorgan Chase & Co. cut their target price on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $39.71.

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.