Numerai GP LLC Grows Position in CarMax, Inc. $KMX

Numerai GP LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 779.2% during the third quarter, Holdings Channel reports. The firm owned 46,202 shares of the company’s stock after purchasing an additional 40,947 shares during the period. Numerai GP LLC’s holdings in CarMax were worth $2,073,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in KMX. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax during the 2nd quarter worth $28,000. MUFG Securities EMEA plc acquired a new position in CarMax in the second quarter valued at $30,000. Center for Financial Planning Inc. purchased a new stake in CarMax during the third quarter valued at about $31,000. Strengthening Families & Communities LLC increased its stake in CarMax by 220.0% during 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 increased its stake in CarMax by 121.1% during 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMX. Stephens reduced their price objective on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Mizuho dropped their target price on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a report on Saturday. Truist Financial lifted their price target on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Finally, Robert W. Baird boosted their price objective on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $39.21.

CarMax Price Performance

KMX stock opened at $41.70 on Tuesday. The firm has a market cap of $5.91 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $82.79. The stock has a 50-day simple moving average of $44.42 and a 200-day simple moving average of $44.32.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share 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 firm had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter in the prior year, the business earned $0.81 EPS. CarMax’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts predict that CarMax, Inc. will post 3.23 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.