CarMax, Inc. $KMX Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. grew its position in shares of CarMax, Inc. (NYSE:KMX) by 49.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,895 shares of the company’s stock after acquiring an additional 52,576 shares during the quarter. Osaic Holdings Inc. owned about 0.11% of CarMax worth $10,768,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in CarMax during the second quarter valued at approximately $5,758,000. Hantz Financial Services Inc. raised its stake in shares of CarMax by 45.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 191,827 shares of the company’s stock valued at $12,893,000 after acquiring an additional 59,840 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of CarMax by 6,129.3% during the 2nd quarter. Avior Wealth Management LLC now owns 9,344 shares of the company’s stock valued at $628,000 after acquiring an additional 9,194 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in CarMax during the 2nd quarter worth $1,887,000. Finally, Gagnon Securities LLC raised its position in CarMax by 3.9% in the second quarter. Gagnon Securities LLC now owns 163,417 shares of the company’s stock valued at $10,983,000 after purchasing an additional 6,067 shares during the period.

CarMax Stock Performance

CarMax stock opened at $38.44 on Friday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $89.47. The company has a current ratio of 1.99, a quick ratio of 1.06 and a debt-to-equity ratio of 2.74. The stock has a market cap of $5.65 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The stock has a 50 day moving average of $39.25 and a 200-day moving average of $52.82.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.66 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was down 6.9% compared to the same quarter last year. On average, analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax News Summary

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Q3 earnings beat estimates: CarMax reported third‑quarter EPS above expectations and revenue slightly topped consensus, showing the business can still generate cash and operating resilience amid weaker used‑car volumes. BusinessWire: Q3 Results
• Neutral Sentiment: Interim leadership named and CEO search underway — the board installed an interim CEO and executive chair, which provides continuity but adds near‑term strategic uncertainty until a permanent CEO is appointed. Press Release
• Neutral Sentiment: Company strategy: management signaled it will cut gross margins and raise marketing spend to regain sales momentum — this could revive volumes but sacrifices near‑term profitability and complicates short‑term forecasting. Benzinga: Lower prices strategy
• Negative Sentiment: Margin pressure and profit trade‑off spooked investors — the deliberate margin reset (lower prices + higher ad spend) is driving sell‑side concerns about near‑term earnings power and has pressured the share price. Barron’s: Why stock is falling
• Negative Sentiment: Analyst cuts and downgrades: multiple firms have trimmed price targets or reiterated underperform/underweight views (recent PT cuts at Wedbush, JPMorgan and bearish notes from Bank of America), adding downward pressure on sentiment.
• Negative Sentiment: Legal risk: several law firms have filed or announced securities‑fraud class actions and are soliciting lead‑plaintiff applications with a January 2, 2026 deadline — litigation risk and potential discovery/costs increase investor uncertainty. GlobeNewsWire: Hagens Berman notice
• Negative Sentiment: Options and sentiment signals: unusual surge in put activity indicates elevated short‑term bearish bets by options traders, consistent with the negative headlines and analyst moves.

Analyst Ratings Changes

A number of research analysts have commented on KMX shares. Zacks Research cut CarMax from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Tuesday, October 14th. Bank of America upped their price target on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Finally, Truist Financial upped their target price on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $39.36.

CarMax Company 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.