Pecaut & CO. Buys New Stake in CarMax, Inc. $KMX

Pecaut & CO. purchased a new position in shares of CarMax, Inc. (NYSE:KMX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,050 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors have also modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of CarMax in the second quarter worth about $28,000. MUFG Securities EMEA plc purchased a new stake in CarMax in the 2nd quarter worth approximately $30,000. Hollencrest Capital Management grew its stake in shares of CarMax by 39.9% during the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock worth $71,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. increased its holdings in shares of CarMax by 25.8% during the 2nd quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after purchasing an additional 232 shares in the last quarter. Finally, Zions Bancorporation National Association UT lifted its stake in shares of CarMax by 246.4% in the 2nd quarter. Zions Bancorporation National Association UT now owns 1,216 shares of the company’s stock valued at $82,000 after purchasing an additional 865 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on KMX. Stephens dropped their price target on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Zacks Research upgraded CarMax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Evercore ISI reiterated a “reduce” rating and set a $36.00 price target on shares of CarMax in a research report on Friday, December 19th. Finally, Mizuho cut their price objective on CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $39.64.

CarMax Stock Performance

Shares of NYSE:KMX opened at $46.31 on Wednesday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $89.47. The firm has a market capitalization of $6.57 billion, a PE ratio of 15.28, a P/E/G ratio of 1.08 and a beta of 1.29. The business’s 50 day moving average price is $41.13 and its 200-day moving average price is $48.09.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The company had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same quarter last year, the firm posted $0.81 EPS. The firm’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 earnings per share 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.