International Assets Investment Management LLC Takes Position in CarMax, Inc. (NYSE:KMX)

Posted by on Apr 14th, 2023

International Assets Investment Management LLC purchased a new stake in CarMax, Inc. (NYSE:KMX – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,775 shares of the company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Threadgill Financial LLC purchased a new position in CarMax during the fourth quarter worth about $328,000. Triad Investment Management boosted its holdings in shares of CarMax by 16.1% in the 4th quarter. Triad Investment Management now owns 37,082 shares of the company’s stock worth $2,258,000 after purchasing an additional 5,134 shares in the last quarter. Comerica Bank boosted its holdings in shares of CarMax by 6.0% in the 4th quarter. Comerica Bank now owns 80,137 shares of the company’s stock worth $5,404,000 after purchasing an additional 4,515 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in shares of CarMax by 52.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 11,832 shares of the company’s stock worth $720,000 after purchasing an additional 4,049 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of CarMax by 28.7% in the 4th quarter. Inspire Investing LLC now owns 5,673 shares of the company’s stock valued at $345,000 after acquiring an additional 1,264 shares during the last quarter.

CarMax Stock Up 0.6 %

KMX stock opened at $69.01 on Friday. CarMax, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $106.24. The business’s 50 day moving average price is $66.78 and its two-hundred day moving average price is $65.92. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.81 and a current ratio of 2.57. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 9.00 and a beta of 1.42.

CarMax (NYSE:KMX – Get Rating) last posted its earnings results on Tuesday, April 11th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. CarMax had a return on equity of 10.69% and a net margin of 1.82%. The firm had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was down 25.6% on a year-over-year basis. As a group, analysts forecast that CarMax, Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KMX shares. Stephens lowered their target price on CarMax from $53.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, March 31st. Truist Financial lowered their target price on CarMax from $66.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday. Robert W. Baird boosted their target price on CarMax from $65.00 to $80.00 in a research note on Wednesday. Oppenheimer lowered their target price on CarMax from $100.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, December 23rd. Finally, Argus lowered CarMax from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.90.

About CarMax

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CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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