13,313 Shares in CarMax, Inc. $KMX Purchased by Cynosure Group LLC

Cynosure Group LLC purchased a new position in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, HoldingsChannel reports. The fund purchased 13,313 shares of the company’s stock, valued at approximately $514,000.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank increased its position in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the period. CYBER HORNET ETFs LLC bought a new position in CarMax during the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new position in CarMax during the second quarter worth about $30,000. Advisory Services Network LLC bought a new position in CarMax during the third quarter worth about $32,000. Finally, Commonwealth Retirement Investments LLC bought a new position in CarMax during the fourth quarter worth about $33,000.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of recent research reports. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Saturday. Argus raised shares of CarMax to a “hold” rating in a report on Thursday, April 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 target price on shares of CarMax in a report on Wednesday, April 15th. Evercore set a $45.00 target price on shares of CarMax in a report on Friday, April 10th. Finally, UBS Group assumed coverage on shares of CarMax in a report on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $42.40.

CarMax Price Performance

KMX stock opened at $51.83 on Wednesday. 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 12 month low of $30.26 and a 12 month high of $71.99. The firm has a market cap of $7.35 billion, a P/E ratio of 32.39, a P/E/G ratio of 1.97 and a beta of 1.21. The company’s 50-day moving average price is $42.26 and its two-hundred day moving average price is $42.39.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. The company 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 firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. On average, analysts anticipate that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

About CarMax

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.