Marathon Trading Investment Management LLC Makes New Investment in CarMax, Inc. $KMX

Marathon Trading Investment Management LLC purchased a new position in CarMax, Inc. (NYSE:KMX) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 23,627 shares of the company’s stock, valued at approximately $913,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after acquiring an additional 173 shares during the last quarter. Jones Financial Companies Lllp raised its stake in CarMax by 3.1% in 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 last quarter. Empowered Funds LLC raised its stake in CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after purchasing an additional 585 shares during the last quarter. Intech Investment Management LLC lifted its holdings in CarMax by 61.7% in the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in CarMax in the 1st quarter valued at about $727,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group assumed coverage on shares of CarMax in a report on Wednesday, May 27th. They set a “neutral” rating and a $42.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of CarMax from $35.00 to $37.00 and gave the stock an “underweight” rating in a research report on Thursday. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird boosted their price target on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, CarMax currently has an average rating of “Reduce” and a consensus target price of $41.73.

CarMax Stock Performance

Shares of KMX stock opened at $51.27 on Monday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. 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 $41.83 and a 200 day moving average price of $42.19.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.58 EPS. Sell-side analysts anticipate that CarMax, Inc. will post 2.28 EPS for the current year.

Key Stories Impacting CarMax

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: CarMax posted better-than-expected quarterly results last month, reporting EPS of $0.34 versus the $0.22 consensus and revenue of $5.95 billion versus $5.65 billion expected, which supports the stock’s longer-term rebound.
• Positive Sentiment: Wall Street Zen upgraded CarMax to a “Hold” rating, which may help stabilize investor sentiment. Article Title
• Neutral Sentiment: A report questioned whether CarMax’s finance-accounting leadership shift reflects confidence in the company’s strategy, but the item does not indicate a major change in fundamentals. Article Title
• Negative Sentiment: Zacks Research lowered its EPS estimates for multiple upcoming periods, including FY2027, FY2028, FY2029, and several quarterly forecasts, signaling slower expected earnings momentum for CarMax.
• Negative Sentiment: The repeated downward revisions to future earnings expectations could weigh on valuation if investors become more cautious about CarMax’s growth trajectory.

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.