Elgethun Capital Management Invests $469,000 in CarMax, Inc. $KMX

Elgethun Capital Management acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,125 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds have also modified their holdings of KMX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares in the last quarter. Empowered Funds LLC increased its stake in shares of CarMax by 12.5% during the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock worth $411,000 after purchasing an additional 585 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of CarMax by 61.7% during the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock worth $1,492,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of CarMax during the 1st quarter worth approximately $727,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMX. Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Wall Street Zen cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Sunday. Robert W. Baird lifted their target price 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. Evercore set a $45.00 target price on shares of CarMax in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $41.00 target price on shares of CarMax in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, CarMax has an average rating of “Reduce” and an average target price of $41.27.

CarMax Stock Up 4.9%

KMX stock opened at $46.09 on Thursday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 28.81, a PEG ratio of 1.66 and a beta of 1.21. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99. The company has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $41.47.

CarMax (NYSE:KMX) last released its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. CarMax’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. As a group, sell-side analysts expect that CarMax, Inc. will post 2.3 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.