CarMax, Inc. $KMX Holdings Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 6,105.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,072 shares of the company’s stock after buying an additional 322,785 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in CarMax were worth $12,677,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in CarMax by 1,058.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 124,515 shares of the company’s stock valued at $4,811,000 after buying an additional 113,771 shares in the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 8.0% in the 4th quarter. Allworth Financial LP now owns 6,572 shares of the company’s stock valued at $254,000 after purchasing an additional 486 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of CarMax by 95.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,600 shares of the company’s stock valued at $1,298,000 after purchasing an additional 16,380 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of CarMax by 11.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 30,156 shares of the company’s stock valued at $1,165,000 after purchasing an additional 3,000 shares during the period. Finally, World Investment Advisors boosted its position in shares of CarMax by 1.5% in the 4th quarter. World Investment Advisors now owns 111,013 shares of the company’s stock valued at $4,287,000 after purchasing an additional 1,643 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Robert W. Baird increased their price target on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered CarMax from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Evercore set a $45.00 price target on CarMax in a research report on Friday, April 10th. Argus upgraded CarMax to a “hold” rating in a research report on Thursday, April 16th. Finally, Stephens increased their price target on CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, CarMax has a consensus rating of “Reduce” and a consensus target price of $41.21.

CarMax Stock Up 4.2%

Shares of CarMax stock opened at $38.92 on Friday. The stock has a 50-day moving average price of $40.63 and a 200 day moving average price of $41.02. The company has a market cap of $5.52 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.41 and a beta of 1.19. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $71.99.

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

About CarMax

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.