CarMax, Inc. $KMX Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its stake in CarMax, Inc. (NYSE:KMX) by 26.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,217 shares of the company’s stock after buying an additional 15,048 shares during the period. King Luther Capital Management Corp’s holdings in CarMax were worth $3,240,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KMX. CYBER HORNET ETFs LLC bought a new position in shares of CarMax during the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in CarMax in the 2nd quarter valued at about $30,000. Center for Financial Planning Inc. acquired a new position in CarMax during the 3rd quarter valued at about $31,000. Strengthening Families & Communities LLC grew its position in CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of CarMax by 121.1% in the third quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock valued at $45,000 after purchasing an additional 539 shares during the period.

CarMax Stock Down 0.2%

Shares of KMX stock opened at $44.49 on Friday. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $86.38. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. The business’s fifty day moving average is $43.51 and its 200-day moving average is $46.29. The stock has a market cap of $6.31 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.35.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Zacks Research raised CarMax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. 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. Benchmark reissued a “hold” rating on shares of CarMax in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $39.21.

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.