Oppenheimer & Co. Inc. Decreases Stake in CarMax, Inc. $KMX

Oppenheimer & Co. Inc. lessened its stake in CarMax, Inc. (NYSE:KMX) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,128 shares of the company’s stock after selling 19,482 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CarMax were worth $6,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in shares of CarMax by 3.1% in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after buying an additional 173 shares during the period. Blue Trust Inc. boosted its stake in shares of CarMax by 20.0% in the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after buying an additional 237 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of CarMax by 4.2% in the 3rd quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after buying an additional 256 shares during the period. Finally, Ossiam boosted its stake in shares of CarMax by 19.5% in the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after buying an additional 280 shares during the period.

Trending Headlines about CarMax

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Zacks Research raised multiple near‑term and FY EPS estimates for KMX (Q3/Q4 2027, Q2/Q3/Q4 2028 and FY2028/FY2029) and now models higher FY2028 and FY2029 earnings while keeping a “Hold” rating — a sign analysts expect improving profitability that could support a recovery if results follow. Zacks EPS revisions for CarMax
• Neutral Sentiment: A financial roundup named one cash‑producing stock and flagged two risky names; CarMax was mentioned in that context (mixed signal). The mention may affect perception but lacks company‑specific new fundamentals. 1 cash-producing stock with impressive fundamentals and 2 we find risky
• Negative Sentiment: Pomerantz LLP announced an investor investigation into CarMax, citing potential claims on behalf of investors — this introduces legal risk, potential litigation costs, and investor uncertainty. Pomerantz investigates CarMax
• Negative Sentiment: Brokerage coverage has become more cautious — consensus brokerage recommendation is “Reduce”, reflecting weaker sell‑side sentiment that can pressure the stock via downgrades and selling. CarMax consensus “Reduce” by brokerages

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KMX shares. Evercore set a $45.00 price objective on CarMax in a research note on Friday, April 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of CarMax in a research report on Wednesday, April 15th. Argus raised CarMax to a “hold” rating in a research report on Thursday, April 16th. Robert W. Baird raised their target price on CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Bank of America began coverage on CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, CarMax presently has a consensus rating of “Reduce” and a consensus price target of $41.21.

CarMax Price Performance

Shares of NYSE KMX opened at $38.49 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The firm has a market capitalization of $5.46 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. The stock’s 50-day simple moving average is $41.77 and its 200-day simple moving average is $41.52.

CarMax (NYSE:KMX) last issued its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $0.58 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts forecast that CarMax, Inc. will post 2.34 EPS 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.