CarMax, Inc. (NYSE:KMX) Short Interest Down 13.9% in January

CarMax, Inc. (NYSE:KMX) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 14,338,051 shares, a decline of 13.9% from the January 15th total of 16,653,471 shares. Based on an average trading volume of 3,187,316 shares, the short-interest ratio is currently 4.5 days. Currently, 10.3% of the company’s shares are sold short. Currently, 10.3% of the company’s shares are sold short. Based on an average trading volume of 3,187,316 shares, the short-interest ratio is currently 4.5 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of CarMax in a research report on Friday, November 7th. Bank of America boosted their price target on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a research report on Friday, December 19th. Zacks Research raised CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Barclays upped their price target on shares of CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $40.07.

CarMax Trading Down 0.4%

NYSE KMX traded down $0.16 on Tuesday, hitting $41.27. The company’s stock had a trading volume of 1,358,565 shares, compared to its average volume of 3,486,112. The company’s 50-day moving average is $43.22 and its 200 day moving average is $46.47. The firm has a market cap of $5.85 billion, a PE ratio of 13.62, a PEG ratio of 0.99 and a beta of 1.35. CarMax has a 1-year low of $30.26 and a 1-year high of $89.47. 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 (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The company had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The firm’s revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS. As a group, analysts predict that CarMax will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CarMax

A number of hedge funds have recently bought and sold shares of KMX. Weiss Asset Management LP purchased a new stake in shares of CarMax during the fourth quarter valued at approximately $4,603,000. Capstone Financial Advisors Inc. raised its stake in shares of CarMax by 28.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 9,000 shares of the company’s stock worth $348,000 after purchasing an additional 2,000 shares during the period. Quantitative Investment Management LLC purchased a new position in shares of CarMax in the 4th quarter worth about $671,000. Advisory Services Network LLC boosted its holdings in shares of CarMax by 595.1% in the 4th quarter. Advisory Services Network LLC now owns 5,005 shares of the company’s stock worth $193,000 after buying an additional 4,285 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its position in CarMax by 296.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 28,705 shares of the company’s stock valued at $1,109,000 after buying an additional 21,473 shares during the period.

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.