Mount Capital Ltd Has $15.86 Million Stock Position in CarMax, Inc. $KMX

Mount Capital Ltd cut its position in CarMax, Inc. (NYSE:KMX) by 50.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 410,400 shares of the company’s stock after selling 410,400 shares during the quarter. CarMax comprises about 6.4% of Mount Capital Ltd’s portfolio, making the stock its 7th biggest holding. Mount Capital Ltd’s holdings in CarMax were worth $15,858,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMX. Huntington National Bank boosted its stake in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the period. CYBER HORNET ETFs LLC bought a new stake in CarMax in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in CarMax in the 2nd quarter valued at $30,000. Center for Financial Planning Inc. bought a new stake in CarMax in the 3rd quarter valued at $31,000. Finally, Advisory Services Network LLC bought a new stake in CarMax in the 3rd quarter valued at $32,000.

CarMax Price Performance

Shares of KMX stock opened at $47.19 on Friday. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99. The company has a market cap of $6.69 billion, a P/E ratio of 29.49, a P/E/G ratio of 1.78 and a beta of 1.21. The business has a fifty day simple moving average of $41.00 and a 200 day simple moving average of $41.60.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned $0.58 EPS. CarMax’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, sell-side analysts forecast that CarMax, Inc. will post 2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KMX has been the subject of several recent research reports. UBS Group initiated coverage on CarMax in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 price target for the company. Barclays reduced their price target on CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, April 16th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Stephens upped their target price on CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, April 2nd. Finally, Evercore set a $45.00 target price on CarMax in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $41.27.

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.