Bull Harbor Capital LLC Makes New $968,000 Investment in CarMax, Inc. $KMX

Bull Harbor Capital LLC bought a new stake in CarMax, Inc. (NYSE:KMX) during the first quarter, HoldingsChannel reports. The firm bought 23,288 shares of the company’s stock, valued at approximately $968,000.

Several other institutional investors have also added to or reduced their stakes in KMX. Jones Financial Companies Lllp lifted its stake in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares in the last quarter. Blue Trust Inc. raised its holdings in CarMax by 20.0% during the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after buying an additional 237 shares during the last quarter. Huntington National Bank lifted its position 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. Finally, Ossiam lifted its stake in CarMax by 19.5% during the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after acquiring an additional 280 shares during the period.

Key CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: JPMorgan upgraded CarMax from “underweight” to “neutral” and raised its price target to $60 from $38. The change suggests the analyst believes the company’s outlook has improved and removes a prior source of selling pressure. JPMorgan upgrades CarMax
• Positive Sentiment: Analyst commentary indicates CarMax is learning from past mistakes. The development supports the view that management and operations may be improving, helping explain the stock’s sharp relative performance. CarMax is learning from past mistakes
• Positive Sentiment: CarMax’s strong share-price performance is drawing attention from investment managers. Vulcan Value Partners discussed the company in its second-quarter 2026 investor letter, adding visibility among long-term, value-focused investors. Vulcan Value Partners on CarMax
• Positive Sentiment: Zacks identified KMX as a strong momentum stock. Its favorable momentum assessment reinforces the market’s current bullish technical trend, though it does not necessarily indicate improved fundamentals. Why CarMax is a strong momentum stock
• Neutral Sentiment: Comparisons with Carvana highlight KMX’s relative strength, but the article cautions that Carvana’s weaker stock performance—despite record results—does not automatically make CarMax the better investment. Investors should weigh valuation, execution and growth prospects rather than simply switching between the two companies. Carvana and CarMax investment comparison
• Negative Sentiment: Bernstein Liebhard announced a shareholder investigation into potential breaches of fiduciary duty by CarMax directors and officers. The investigation is preliminary, but it creates legal and governance uncertainty that could weigh on sentiment. CarMax shareholder investigation

CarMax Stock Performance

Shares of NYSE KMX opened at $58.84 on Friday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $62.56. The stock has a market capitalization of $8.35 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. The stock has a 50 day moving average price of $51.40 and a 200 day moving average price of $45.64. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70.

CarMax (NYSE:KMX) last issued its earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.96 by $0.35. The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. Analysts predict that CarMax, Inc. will post 2.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KMX shares. Argus raised CarMax to a “hold” rating in a research note on Thursday, April 16th. Morgan Stanley upped their price target on CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective for the company in a research report on Thursday, June 18th. Weiss Ratings upgraded shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 20th. Finally, Evercore set a $45.00 price objective on shares of CarMax in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, CarMax currently has an average rating of “Reduce” and an average price target of $51.00.

Insider Buying and Selling at CarMax

In related news, Director Peter J. Bensen bought 2,500 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of $52.20 per share, for a total transaction of $130,500.00. Following the completion of the acquisition, the director directly owned 24,796 shares of the company’s stock, valued at $1,294,351.20. This trade represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keith Barr purchased 9,400 shares of CarMax stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $53.01 per share, with a total value of $498,294.00. Following the transaction, the chief executive officer owned 33,375 shares of the company’s stock, valued at $1,769,208.75. This trade represents a 39.21% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 13,900 shares of company stock worth $735,574. 1.01% of the stock is owned by corporate insiders.

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.