Sivia Capital Partners LLC Invests $870,000 in CarMax, Inc. $KMX

Sivia Capital Partners LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 22,520 shares of the company’s stock, valued at approximately $870,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in CarMax during the fourth quarter worth approximately $159,232,000. Arrowstreet Capital Limited Partnership raised its holdings in CarMax by 73.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after purchasing an additional 1,494,205 shares in the last quarter. Vulcan Value Partners LLC raised its holdings in CarMax by 135.2% during the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after purchasing an additional 1,338,134 shares in the last quarter. Hawk Ridge Capital Management LP bought a new stake in CarMax during the third quarter worth approximately $43,702,000. Finally, Dimensional Fund Advisors LP raised its holdings in CarMax by 33.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after purchasing an additional 918,553 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently commented on KMX. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Argus raised CarMax to a “hold” rating in a report on Thursday, April 16th. Royal Bank Of Canada reissued 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. Finally, Wall Street Zen cut CarMax from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, CarMax presently has an average rating of “Reduce” and a consensus target price of $41.27.

CarMax Price Performance

NYSE KMX opened at $46.96 on Friday. The stock has a market capitalization of $6.66 billion, a P/E ratio of 29.35, a P/E/G ratio of 1.74 and a beta of 1.21. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $71.99. The business’s fifty day moving average is $40.89 and its two-hundred day moving average is $41.56. 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 quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, research analysts forecast that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

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.