CarMax, Inc. $KMX Holdings Raised by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 12.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,479 shares of the company’s stock after buying an additional 13,820 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.09% of CarMax worth $5,217,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after buying an additional 161 shares during the last quarter. Empowered Funds LLC grew its stake in shares of CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after buying an additional 585 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of CarMax by 61.7% in the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after buying an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in CarMax in the first quarter worth approximately $727,000.

CarMax Price Performance

Shares of CarMax stock opened at $51.75 on Wednesday. The firm has a fifty day simple moving average of $42.99 and a 200-day simple moving average of $42.85. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.81 and a beta of 1.21.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. CarMax’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. On average, sell-side analysts expect that CarMax, Inc. will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on KMX shares. Royal Bank Of Canada lifted their target price on shares of CarMax from $41.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Benchmark reiterated a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Mizuho increased their target price on shares of CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Reduce” and an average target price of $47.73.

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.