Focus Partners Advisor Solutions LLC Sells 21,281 Shares of CarMax, Inc. $KMX

Focus Partners Advisor Solutions LLC reduced its holdings in CarMax, Inc. (NYSE:KMX) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,323 shares of the company’s stock after selling 21,281 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in CarMax were worth $1,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of CarMax by 230.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,030 shares of the company’s stock valued at $689,000 after acquiring an additional 9,087 shares during the period. Kinsale Capital Group Inc. boosted its position in shares of CarMax by 18.8% during the 2nd quarter. Kinsale Capital Group Inc. now owns 174,637 shares of the company’s stock worth $9,237,000 after purchasing an additional 27,644 shares in the last quarter. Bayforest Capital Ltd boosted its position in shares of CarMax by 2,150.2% during the 2nd quarter. Bayforest Capital Ltd now owns 6,143 shares of the company’s stock worth $325,000 after purchasing an additional 5,870 shares in the last quarter. PDS Planning Inc bought a new stake in CarMax in the 2nd quarter valued at about $206,000. Finally, Janney Montgomery Scott LLC acquired a new position in CarMax during the 2nd quarter worth approximately $377,000.

CarMax News Roundup

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Zacks upgraded CarMax from “Hold” to “Strong Buy.” The firm raised multiple EPS forecasts, including estimates for FY2028 to $3.11 from $2.96 and FY2029 to $3.90 from $3.21. It also increased quarterly projections for Q1 2028, Q2 2028, Q3 2028, Q4 2028 and Q1 2029, signaling improving expectations for the used-car retailer’s longer-term earnings power. Zacks upgrade and earnings estimates
• Neutral Sentiment: CarMax’s latest reported quarter provides fundamental support: revenue increased 6.2% year over year to $8.01 billion and earnings of $1.31 per share exceeded the $0.96 analyst consensus. However, earnings were below the $1.38 per share reported in the prior-year period, and the company’s current-year consensus EPS estimate remains $2.73.
• Negative Sentiment: One valuation analysis says CarMax stock looks stretched following a 53% five-year slump and subsequent recovery. With shares near their 52-week high and trading at roughly 39 times earnings, investors may be concerned that the current valuation already discounts much of the expected improvement. CarMax stock looks stretched after a 53% five-year slump
• Negative Sentiment: A separate analysis concludes that CarMax could be approximately 7% above fair value, citing the impact of a leadership change. This raises the risk that the stock’s recent gains have outpaced its underlying fundamentals and could limit further upside. CarMax could be 7% above fair value on leadership change

CarMax Stock Down 0.1%

KMX opened at $59.85 on Monday. The firm has a market capitalization of $8.49 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The company has a fifty day moving average price of $54.63 and a 200-day moving average price of $46.51. CarMax, Inc. has a one year low of $30.26 and a one year high of $62.56.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter last year, the company posted $1.38 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts expect that CarMax, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In other CarMax news, Director Peter J. Bensen purchased 2,500 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $52.20 per share, for a total transaction of $130,500.00. Following the completion of the transaction, the director directly owned 24,796 shares in the company, valued at approximately $1,294,351.20. This represents a 11.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sona Chawla acquired 2,000 shares of CarMax stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the purchase, the director directly owned 21,702 shares of the company’s stock, valued at approximately $1,158,669.78. The trade was a 10.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 13,900 shares of company stock valued at $735,574. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America raised their price objective on CarMax from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Wednesday, June 17th. Morgan Stanley boosted their price target on shares of CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Robert W. Baird raised their price objective on shares of CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Benchmark reissued a “hold” rating on shares of CarMax in a research report on Thursday, June 18th. Finally, Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price target on the stock in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.00.

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.