Kinsale Capital Group Inc. Purchases New Position in CarMax, Inc. $KMX

Kinsale Capital Group Inc. purchased a new stake in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 121,143 shares of the company’s stock, valued at approximately $4,681,000. Kinsale Capital Group Inc. owned about 0.09% of CarMax at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC lifted its stake in CarMax by 129.4% in the third quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock worth $3,879,000 after purchasing an additional 48,757 shares during the last quarter. Silver Heights Capital Management Inc lifted its stake in CarMax by 39.5% in the third quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock worth $41,557,000 after purchasing an additional 262,478 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after purchasing an additional 918,553 shares during the last quarter. Freestone Capital Holdings LLC bought a new stake in CarMax in the fourth quarter worth about $968,000. Finally, Rings Capital Management LLC lifted its stake in CarMax by 71.6% in the third quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock worth $48,190,000 after purchasing an additional 448,000 shares during the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on KMX shares. Stephens raised their price objective on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 2nd. Robert W. Baird raised their price objective on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Barclays decreased their price objective on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $41.21.

CarMax Price Performance

Shares of KMX opened at $36.99 on Friday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. The company has a 50 day moving average of $41.01 and a two-hundred day moving average of $41.20.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. CarMax’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. As a group, analysts predict that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

About CarMax

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.