CarMax, Inc. $KMX Position Boosted by Inkwell Capital LLC

Inkwell Capital LLC lifted its stake in CarMax, Inc. (NYSE:KMX) by 35.2% in the third quarter, Holdings Channel.com reports. The firm owned 64,515 shares of the company’s stock after acquiring an additional 16,804 shares during the quarter. CarMax comprises 3.0% of Inkwell Capital LLC’s portfolio, making the stock its 19th largest holding. Inkwell Capital LLC’s holdings in CarMax were worth $2,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of CarMax in the second quarter worth $5,758,000. Hantz Financial Services Inc. grew its stake in CarMax by 45.3% in the second quarter. Hantz Financial Services Inc. now owns 191,827 shares of the company’s stock valued at $12,893,000 after purchasing an additional 59,840 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in CarMax in the second quarter valued at about $1,887,000. True North Advisors LLC increased its position in CarMax by 66.6% in the 3rd quarter. True North Advisors LLC now owns 123,742 shares of the company’s stock worth $5,552,000 after purchasing an additional 49,450 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of CarMax by 461.3% during the 2nd quarter. AlphaQuest LLC now owns 7,174 shares of the company’s stock worth $482,000 after purchasing an additional 5,896 shares in the last quarter.

CarMax Stock Down 4.9%

CarMax stock opened at $42.34 on Tuesday. 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, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $84.49. The firm has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $46.06. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.06 and a beta of 1.35.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The business had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on KMX. Zacks Research raised CarMax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Robert W. Baird raised their price target on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of CarMax in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. Finally, Morgan Stanley set a $35.00 target price on CarMax in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $39.21.

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.