Hillman Capital Management Inc. Purchases 19,599 Shares of CarMax, Inc. $KMX

Hillman Capital Management Inc. increased its position in CarMax, Inc. (NYSE:KMX) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,088 shares of the company’s stock after buying an additional 19,599 shares during the quarter. CarMax accounts for 2.7% of Hillman Capital Management Inc.’s portfolio, making the stock its 15th largest position. Hillman Capital Management Inc. owned about 0.08% of CarMax worth $4,292,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KMX. Huntington National Bank lifted its position in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in CarMax in the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc bought a new stake in CarMax in the 2nd quarter worth approximately $30,000. Advisory Services Network LLC bought a new stake in CarMax in the 3rd quarter worth approximately $32,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in CarMax in the 4th quarter worth approximately $33,000.

CarMax Price Performance

Shares of KMX stock opened at $51.83 on Wednesday. The firm has a market cap of $7.35 billion, a P/E ratio of 32.39, a P/E/G ratio of 1.97 and a beta of 1.21. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The business’s 50 day moving average price is $42.26 and its 200-day moving average price is $42.39. 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 (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that CarMax, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Argus upgraded CarMax to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group started coverage on CarMax in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 target price for the company. JPMorgan Chase & Co. boosted their target price on CarMax from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday, June 11th. Finally, Truist Financial boosted their target price on CarMax from $37.00 to $47.00 and gave the company a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $42.40.

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.