Sheets Smith Wealth Management Has $592,000 Stock Holdings in CarMax, Inc. $KMX

Sheets Smith Wealth Management lowered its holdings in CarMax, Inc. (NYSE:KMX) by 60.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,200 shares of the company’s stock after selling 20,000 shares during the quarter. Sheets Smith Wealth Management’s holdings in CarMax were worth $592,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KMX. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax in the second quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in CarMax in the 2nd quarter worth $30,000. Quarry LP increased its holdings in shares of CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after purchasing an additional 233 shares during the period. ST Germain D J Co. Inc. raised its position in shares of CarMax by 88.5% during the third quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock valued at $60,000 after buying an additional 625 shares during the last quarter. Finally, Hollencrest Capital Management raised its position in shares of CarMax by 39.9% during the second quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock valued at $71,000 after buying an additional 300 shares during the last quarter.

Key Headlines Impacting CarMax

Here are the key news stories impacting CarMax this week:

• Neutral Sentiment: Evercore ISI placed KMX at a Hold, signalling tepid analyst conviction after recent results and likely contributing to cautious investor sentiment. CarMax (KMX) Receives a Hold from Evercore ISI
• Neutral Sentiment: Coverage of CarMax’s Q4 earnings call highlights key analyst questions about margins, inventory and demand — useful for gauging management’s near‑term outlook but not an immediate catalyst. The 5 Most Interesting Analyst Questions From CarMax’s Q4 Earnings Call
• Neutral Sentiment: General market coverage and price tracking for KMX available (background context for traders). CarMax (KMX) share price
• Negative Sentiment: Levi & Korsinsky notified investors of a class action alleging securities fraud for purchases between June 20, 2025 and November 5, 2025 and warns of a Jan. 2, 2026 deadline to act — adding legal overhang and potential liability. Shareholders of CarMax, Inc. Should Contact Levi & Korsinsky Before January 2, 2026 to Discuss Your Rights – KMX
• Negative Sentiment: Glancy Prongay & Murray issued a similar deadline alert for investors who bought KMX between June 20 and Nov. 5, 2025, urging lead‑plaintiff motions by Jan. 2 — another source of litigation pressure. Deadline Alert: CarMax, Inc. (KMX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
• Negative Sentiment: Faruqi & Faruqi is investigating claims on behalf of CarMax investors and reminding shareholders of the Jan. 2 lead‑plaintiff deadline — reinforcing that multiple firms are pursuing the matter. SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CarMax
• Negative Sentiment: The Schall Law Firm is soliciting investors (class period noted through Sept. 24, 2025 for its claims) to lead a federal securities suit under Sections 10(b)/20(a), highlighting overlapping but slightly different class definitions across firms. KMX Investors Have Opportunity to Lead CarMax, Inc. Securities Fraud Lawsuit with the Schall Law Firm
• Negative Sentiment: Rosen Law Firm and Bleichmar Fonti & Auld (BFA) also issued deadline notices and investor advisories, citing a substantial stock drop and urging affected investors to secure counsel by Jan. 2 — amplifying the legal and reputational risk profile. KMX DEADLINE NOTICE: ROSEN… KMX INVESTOR LOSSES: …BFA Law

CarMax Price Performance

Shares of KMX stock opened at $39.26 on Friday. The stock’s fifty day simple moving average is $38.77 and its 200 day simple moving average is $51.88. CarMax, Inc. has a one year low of $30.26 and a one year high of $89.47. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.94 and a beta of 1.29. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The company had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same period last year, the business earned $0.81 earnings per share. The business’s revenue was down 6.9% on a year-over-year basis. On average, analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMX shares. Oppenheimer restated a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. Seaport Res Ptn lowered CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. Evercore ISI restated a “reduce” rating and issued a $36.00 target price on shares of CarMax in a research note on Friday, December 19th. William Blair cut CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada lifted their price target on shares of CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, CarMax presently has an average rating of “Reduce” and an average price target of $39.36.

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.