Blackhawk Capital Partners LLC Acquires Shares of 29,549 CarMax, Inc. $KMX

Blackhawk Capital Partners LLC acquired a new stake in CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,549 shares of the company’s stock, valued at approximately $1,142,000.

Other hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in shares of CarMax in the second quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in shares of CarMax in the second quarter valued at about $30,000. Center for Financial Planning Inc. purchased a new position in shares of CarMax in the third quarter valued at about $31,000. Advisory Services Network LLC purchased a new position in shares of CarMax in the third quarter valued at about $32,000. Finally, Strengthening Families & Communities LLC increased its position in shares of CarMax by 220.0% in the third quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock valued at $39,000 after acquiring an additional 605 shares during the period.

CarMax Trading Down 3.1%

NYSE:KMX opened at $39.11 on Tuesday. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49. The company’s 50-day simple moving average is $41.39 and its 200 day simple moving average is $41.35. The firm has a market capitalization of $5.55 billion, a P/E ratio of 24.44, a PEG ratio of 1.53 and a beta of 1.19.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. CarMax’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts forecast that CarMax, Inc. will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of analyst reports. Barclays decreased their price objective on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research report on Thursday, April 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research report on Wednesday, April 15th. Argus upgraded shares of CarMax to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen cut shares of CarMax from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Robert W. Baird lifted their target price on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, CarMax currently has a consensus rating of “Reduce” and a consensus target price of $41.21.

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.