Entropy Technologies LP Acquires Shares of 57,566 CarMax, Inc. $KMX

Entropy Technologies LP acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 57,566 shares of the company’s stock, valued at approximately $2,224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of CarMax during the fourth quarter worth about $159,232,000. Arrowstreet Capital Limited Partnership lifted its position in CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after purchasing an additional 1,494,205 shares during the period. Vulcan Value Partners LLC lifted its position in CarMax by 135.2% in the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock valued at $104,569,000 after purchasing an additional 1,338,134 shares during the period. Renaissance Technologies LLC boosted its holdings in CarMax by 1,467.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,149,000 shares of the company’s stock valued at $44,397,000 after purchasing an additional 1,075,700 shares in the last quarter. Finally, Hawk Ridge Capital Management LP purchased a new stake in CarMax in the 3rd quarter valued at approximately $43,702,000.

CarMax Trading Up 1.8%

Shares of KMX stock opened at $52.19 on Tuesday. The stock has a market cap of $7.40 billion, a P/E ratio of 32.62, a P/E/G ratio of 1.95 and a beta of 1.21. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The business has a fifty day simple moving average of $42.05 and a 200-day simple moving average of $42.29.

CarMax (NYSE:KMX) last released its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. On average, analysts forecast that CarMax, Inc. will post 2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KMX shares. Bank of America assumed coverage on CarMax in a research note on Wednesday, April 15th. They set an “underperform” rating and a $40.00 target price for the company. Evercore set a $45.00 price target on CarMax in a research note on Friday, April 10th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research report on Wednesday, April 15th. Argus raised CarMax to a “hold” rating in a report on Thursday, April 16th. Finally, Stephens boosted their target price on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $41.73.

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.