Asset Management Advisors LLC Boosts Stake in CarMax, Inc. $KMX

Asset Management Advisors LLC raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 79.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,749 shares of the company’s stock after acquiring an additional 36,195 shares during the period. CarMax makes up approximately 1.9% of Asset Management Advisors LLC’s holdings, making the stock its 15th biggest position. Asset Management Advisors LLC owned approximately 0.06% of CarMax worth $3,159,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new stake in CarMax in the second quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in CarMax during the 2nd quarter valued at $30,000. Center for Financial Planning Inc. bought a new position in shares of CarMax during the 3rd quarter valued at $31,000. Advisory Services Network LLC purchased a new position in shares of CarMax in the 3rd quarter worth $32,000. Finally, Strengthening Families & Communities LLC boosted its stake in shares of CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after buying an additional 605 shares during the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of research reports. Bank of America upped their price objective on CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research report on Friday, December 19th. Wedbush reduced their target price on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. Benchmark reissued a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Finally, Stephens reduced their price objective on CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. 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 company. Based on data from MarketBeat.com, CarMax currently has an average rating of “Reduce” and an average target price of $39.21.

CarMax Trading Up 1.5%

Shares of NYSE:KMX opened at $42.44 on Friday. The stock has a 50 day moving average of $44.38 and a 200 day moving average of $44.16. The company has a market cap of $6.02 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $82.79. 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 issued its quarterly 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 net margin of 1.77% and a return on equity of 7.72%. The business 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 firm earned $0.81 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, equities research analysts expect that CarMax, Inc. will post 3.23 EPS for the current 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.