MMCAP International Inc. SPC Acquires 41,155 Shares of CarMax, Inc. $KMX

MMCAP International Inc. SPC raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 263.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,770 shares of the company’s stock after buying an additional 41,155 shares during the quarter. MMCAP International Inc. SPC’s holdings in CarMax were worth $2,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KMX. Jones Financial Companies Lllp grew its holdings in shares of CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $2,446,000 after purchasing an additional 173 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in CarMax by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 31,245 shares of the company’s stock valued at $2,081,000 after purchasing an additional 206 shares during the last quarter. Brookstone Capital Management grew its stake in CarMax by 6.2% in the 2nd quarter. Brookstone Capital Management now owns 4,324 shares of the company’s stock worth $291,000 after buying an additional 252 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings 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 worth $287,000 after buying an additional 256 shares during the last quarter.

CarMax Stock Performance

CarMax stock opened at $44.49 on Monday. The firm has a fifty day simple moving average of $43.51 and a two-hundred day simple moving average of $46.15. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $86.38. The company has a market capitalization of $6.31 billion, a PE ratio of 14.68, a P/E/G ratio of 1.06 and a beta of 1.35.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMX. William Blair downgraded shares of CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Zacks Research upgraded CarMax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Stephens dropped their price target on CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Needham & Company LLC reissued a “hold” rating on shares of CarMax in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $39.21.

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.