CarMax, Inc. $KMX Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 93.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 162,235 shares of the company’s stock after selling 2,409,710 shares during the period. Principal Financial Group Inc. owned 0.11% of CarMax worth $7,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc acquired a new position in shares of CarMax during the second quarter valued at $30,000. ST Germain D J Co. Inc. increased its holdings in shares of CarMax by 88.5% in the 3rd quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock worth $60,000 after acquiring an additional 625 shares during the period. Mather Group LLC. bought a new stake in CarMax in the 3rd quarter valued at about $61,000. Finally, Hollencrest Capital Management boosted its stake in CarMax by 39.9% during the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock valued at $71,000 after purchasing an additional 300 shares during the period.

More CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: New CEO with digital and customer-focus credentials — Keith Barr, who led IHG Hotels & Resorts, will become CarMax’s CEO on March 16; investors hope his hospitality/digital background can accelerate omnichannel improvements and customer experience upgrades that could stabilize sales and margins. Keith Barr Takes CarMax Helm As Digital And Customer Focus Deepens
• Positive Sentiment: Market narrative shift toward a turnaround plan — major outlets report the hire as signaling a strategic pivot to digital and service-led differentiation, which can be seen as a credible first step to rebuild investor confidence. CarMax Taps Hotel Veteran to Lead Turnaround
• Neutral Sentiment: Formal appointment and board changes — CarMax issued an official press release confirming Barr’s appointment, the effective date (March 16), and board role shifts (interim CEO returning to director duties). This clarifies succession but is procedural. CarMax Names Keith Barr as Chief Executive Officer
• Neutral Sentiment: Media skepticism on fit — several outlets note Barr isn’t an auto-industry executive, framing the hire as unconventional; that raises questions about how transferable his hotel/digital playbook will be to used-car retail. CarMax Names a New CEO. He’s Not a Car Guy.
• Negative Sentiment: Analyst maintains bearish view — J.P. Morgan’s Rajat Gupta kept a Sell rating citing elevated execution risk and intensifying competition from online rivals like Carvana, arguing a new CEO alone may not be enough to reverse margin pressure or lower inventory risk quickly. CarMax: Elevated Execution Risk and Intensifying Carvana Competition Justify Sell Rating Despite New CEO
• Negative Sentiment: Recent sharp share decline and fundamental headwinds — commentary and reporting highlight a recent plunge in the stock tied to falling demand and worries about the company’s ability to execute a turnaround, underscoring that investor optimism may be tenuous until operational results improve. Why CarMax Stock Just Crashed

Analyst Ratings Changes

Several brokerages have commented on KMX. Wedbush dropped their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Evercore ISI set a $42.00 target price on CarMax in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on CarMax from $30.00 to $28.00 and set an “underweight” rating for the company 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 research note on Monday, January 5th. Finally, Morgan Stanley set a $35.00 target price 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 assigned a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $40.07.

CarMax Stock Performance

NYSE:KMX opened at $41.38 on Friday. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The company has a 50-day moving average of $43.18 and a 200-day moving average of $46.75. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $89.47. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35.

CarMax (NYSE:KMX) last issued its 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. The firm had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Analysts forecast 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.