CarMax, Inc. $KMX Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 230.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,030 shares of the company’s stock after buying an additional 9,087 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CarMax were worth $689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Basecamp Wealth Advisors LLC grew its stake in CarMax by 105.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the last quarter. Huntington National Bank increased its holdings in CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in CarMax during the 2nd quarter valued at about $28,000. Wellington Grp LLC raised its position in CarMax by 6,500.0% during the first quarter. Wellington Grp LLC now owns 726 shares of the company’s stock worth $30,000 after acquiring an additional 715 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in CarMax during the second quarter worth about $30,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMX. Weiss Ratings upgraded shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 20th. Robert W. Baird lifted their price objective on CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research upgraded CarMax from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada raised their price target on CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. One 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. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price of $51.00.

CarMax Price Performance

NYSE:KMX opened at $59.85 on Friday. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The company’s 50-day moving average is $54.63 and its two-hundred day moving average is $46.50. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $62.56.

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

Insider Activity at CarMax

In other news, Director Sona Chawla bought 2,000 shares of the stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $53.39 per share, with a total value of $106,780.00. Following the purchase, the director 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, 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 price of $52.20 per share, with a total value of $130,500.00. Following the completion of the acquisition, the director directly owned 24,796 shares in the company, valued at $1,294,351.20. The trade was a 11.21% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 13,900 shares of company stock valued at $735,574. Company insiders own 1.01% of the company’s stock.

Key Headlines Impacting CarMax

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 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.