42,051 Shares in CarMax, Inc. $KMX Bought by Midway Capital Research & Management

Midway Capital Research & Management purchased a new stake in CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 42,051 shares of the company’s stock, valued at approximately $1,625,000. CarMax makes up 1.6% of Midway Capital Research & Management’s holdings, making the stock its 28th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after acquiring an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after acquiring an additional 173 shares during the period. Blue Trust Inc. lifted its position in CarMax by 20.0% during the fourth quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after purchasing an additional 237 shares during the period. Huntington National Bank lifted its holdings in shares of CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 265 shares during the period. Finally, Ossiam boosted its position in CarMax by 19.5% in the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock worth $115,000 after purchasing an additional 280 shares in the last quarter.

CarMax News Summary

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Several analysts raised price targets and turned more constructive after CarMax reported better-than-expected results, citing signs of progress in sales growth, cost control, and customer experience under the new CEO. KMX Stock Recoups Earnings Day Losses – Analysts Pour Praise On New CarMax CEO’s Focus On Cost And Customer Experience
• Positive Sentiment: Stephens upgraded CarMax to overweight with a $66 target, and Mizuho lifted its target to $43, reflecting improved sentiment around the company’s Q1 beat and its new four-pillar strategy focused on pricing, digital simplification, cost discipline, and finance penetration. CarMax Analysts Boost Their Forecasts After Upbeat Q1 Results
• Positive Sentiment: The company beat Q1 earnings and revenue estimates on stronger wholesale and retail sales, plus lower SG&A costs, which reassured investors that operational reforms are starting to work. CarMax Q1 Earnings Beat Estimates on Revenue Growth, Cost Control
• Neutral Sentiment: Recent commentary from investors and analysts suggests the turnaround is taking shape, but many want more proof that margin pressure is easing and that the strategy can translate into sustained profit growth. CarMax’s Turnaround Is Taking Shape, Still Has Long Way to Go
• Negative Sentiment: Despite the strong revenue beat, CarMax’s profit and margins remain under pressure, which is keeping some investors cautious and limiting enthusiasm for the stock’s near-term upside. Why CarMax Stock Plummeted Today

Analysts Set New Price Targets

KMX has been the topic of several recent analyst reports. Evercore set a $45.00 target price on shares of CarMax in a research note on Friday, April 10th. Benchmark restated a “hold” rating on shares of CarMax in a report on Thursday. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Royal Bank Of Canada boosted their price target on shares of CarMax from $41.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $46.13.

CarMax Trading Down 0.2%

NYSE KMX opened at $53.54 on Friday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.49 and a current ratio of 2.70. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.97 and a beta of 1.21. The firm has a 50 day simple moving average of $42.75 and a 200-day simple moving average of $42.64.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.96 by $0.35. The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Equities research analysts anticipate that CarMax, Inc. will post 2.37 EPS for the current fiscal year.

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.