CarMax, Inc. $KMX Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 21.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,000 shares of the company’s stock after selling 26,000 shares during the quarter. Gabelli Funds LLC’s holdings in CarMax were worth $4,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in CarMax in the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in shares of CarMax during the 2nd quarter worth about $30,000. Center for Financial Planning Inc. purchased a new position in shares of CarMax during the 3rd quarter worth about $31,000. Strengthening Families & Communities LLC boosted its position in shares of CarMax by 220.0% in the third quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after acquiring an additional 605 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of CarMax by 121.1% in the third quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock worth $45,000 after acquiring an additional 539 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on KMX. Benchmark reaffirmed a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Bank of America upped their price objective on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. Finally, Evercore set a $42.00 target price on CarMax in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $39.21.

CarMax Trading Up 0.6%

Shares of KMX stock opened at $42.46 on Tuesday. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $82.79. The firm’s 50 day moving average price is $44.16 and its two-hundred day moving average price is $44.99.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current 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.