Burgundy Asset Management Ltd. Raises Stock Holdings in CarMax, Inc. $KMX

Burgundy Asset Management Ltd. raised its holdings in CarMax, Inc. (NYSE:KMX) by 62.8% during the 3rd quarter, Holdings Channel reports. The firm owned 41,459 shares of the company’s stock after buying an additional 15,999 shares during the quarter. Burgundy Asset Management Ltd.’s holdings in CarMax were worth $1,860,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp lifted its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after acquiring an additional 173 shares during the period. Resonant Capital Advisors LLC lifted its holdings in CarMax by 4.2% during the third quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares in the last quarter. Ossiam lifted its holdings in CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares in the last quarter. Finally, Hollencrest Capital Management grew its position in shares of CarMax by 39.9% in the second 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.

CarMax Stock Up 0.7%

Shares of KMX opened at $42.12 on Thursday. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $82.79. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The stock has a fifty day simple moving average of $43.98 and a two-hundred day simple moving average of $45.42. The company has a market capitalization of $5.97 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The firm had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. CarMax’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KMX. Bank of America upped their price target on shares of CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. Needham & Company LLC reiterated 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 report on Friday, December 19th. Finally, Stephens lowered their target price on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, CarMax has an average rating of “Reduce” and an average price target of $39.21.

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.