Hussman Strategic Advisors Inc. Buys Shares of 21,000 CarMax, Inc. $KMX

Hussman Strategic Advisors Inc. purchased a new position in shares of CarMax, Inc. (NYSE:KMX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,000 shares of the company’s stock, valued at approximately $942,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. CYBER HORNET ETFs LLC purchased a new position in CarMax during the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc acquired a new stake in shares of CarMax in the second quarter valued at approximately $30,000. ST Germain D J Co. Inc. increased its stake in shares of CarMax by 88.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock worth $60,000 after purchasing an additional 625 shares in the last quarter. Mather Group LLC. acquired a new position in shares of CarMax during the 3rd quarter worth approximately $61,000. Finally, Hollencrest Capital Management raised its position in shares of CarMax by 39.9% during the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock worth $71,000 after purchasing an additional 300 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on KMX. Needham & Company LLC reissued a “hold” rating on shares of CarMax in a research report on Friday, November 7th. Mizuho decreased their price objective on CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Bank of America boosted their target price on shares of CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research note on Friday, December 19th. Zacks Research upgraded shares of CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Morgan Stanley set a $35.00 price objective on shares of CarMax in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $39.64.

CarMax Trading Up 1.4%

Shares of KMX stock opened at $46.97 on Thursday. The firm’s 50-day simple moving average is $41.39 and its 200-day simple moving average is $48.08. 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 1-year low of $30.26 and a 1-year high of $89.47. The firm has a market cap of $6.66 billion, a P/E ratio of 15.50, a PEG ratio of 1.11 and a beta of 1.29.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.32 by $0.11. The firm had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. CarMax’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. As a group, equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current 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.