Profund Advisors LLC Makes New Investment in CarMax, Inc. $KMX

Profund Advisors LLC acquired a new position in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,110 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after purchasing an additional 918,553 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after purchasing an additional 1,494,205 shares during the period. Invesco Ltd. boosted its holdings in CarMax by 14.2% in the third quarter. Invesco Ltd. now owns 3,425,737 shares of the company’s stock worth $153,713,000 after purchasing an additional 426,809 shares during the period. Turtle Creek Asset Management Inc. grew its stake in CarMax by 0.6% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 2,707,477 shares of the company’s stock worth $121,484,000 after buying an additional 16,627 shares during the last quarter. Finally, Vulcan Value Partners LLC grew its stake in CarMax by 135.2% during the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after buying an additional 1,338,134 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KMX shares. Stephens upped their price objective on CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Evercore set a $45.00 price objective on CarMax in a research note on Friday, April 10th. Robert W. Baird upped their price objective on CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $41.21.

CarMax Trading Up 3.6%

NYSE:KMX opened at $40.31 on Friday. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $71.99. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.47 and a beta of 1.19. The business has a fifty day moving average of $40.59 and a 200-day moving average of $41.02. 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 (NYSE:KMX) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) 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 company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts predict that CarMax, Inc. will post 2.3 earnings per share for the current 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.