Havemeyer Place LP Buys New Position in CarMax, Inc. $KMX

Havemeyer Place LP bought a new stake in shares of CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,246 shares of the company’s stock, valued at approximately $898,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new position in CarMax during the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in CarMax during the 2nd quarter valued at about $30,000. Huntington National Bank boosted its holdings in CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the period. Center for Financial Planning Inc. purchased a new position in CarMax during the 3rd quarter valued at about $31,000. Finally, Advisory Services Network LLC purchased a new position in CarMax during the 3rd quarter valued at about $32,000.

Analyst Ratings Changes

A number of equities analysts recently commented on KMX shares. Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 target price on shares of CarMax in a report on Wednesday, April 15th. Evercore set a $45.00 target price on CarMax in a report on Friday, April 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Bank of America initiated coverage on CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price objective for the company. Finally, Robert W. Baird boosted their price objective on CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $41.27.

CarMax Stock Performance

Shares of CarMax stock opened at $47.52 on Tuesday. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99. The company has a market cap of $6.74 billion, a PE ratio of 29.70, a P/E/G ratio of 1.79 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. The business has a 50-day simple moving average of $41.10 and a 200-day simple moving average of $41.76.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 EPS 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 business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that CarMax, Inc. will post 2.3 EPS for the current fiscal year.

CarMax Company 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.