BML Capital Management LLC Takes Position in CarMax, Inc. $KMX

BML Capital Management LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 155,000 shares of the company’s stock, valued at approximately $5,989,000. CarMax makes up about 5.2% of BML Capital Management LLC’s portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of KMX. CYBER HORNET ETFs LLC bought a new position in CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc bought a new position in CarMax during the second quarter worth $30,000. Center for Financial Planning Inc. bought a new position in CarMax during the third quarter worth $31,000. Advisory Services Network LLC bought a new position in CarMax during the third quarter worth $32,000. Finally, True Wealth Design LLC lifted its stake in shares of CarMax by 54.3% in the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock valued at $35,000 after buying an additional 319 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Robert W. Baird raised their price objective on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research note on Wednesday, April 15th. Finally, Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $41.21.

CarMax Stock Performance

Shares of KMX stock opened at $37.24 on Wednesday. The firm has a 50-day moving average of $41.62 and a 200-day moving average of $41.46. The company has a market cap of $5.28 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.37 and a beta of 1.19. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99.

CarMax (NYSE:KMX) last announced its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. Equities research analysts forecast that CarMax, Inc. will post 2.34 EPS 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.