Hillman Capital Management Inc. Boosts Stake in CarMax, Inc. $KMX

Hillman Capital Management Inc. grew its position in shares of CarMax, Inc. (NYSE:KMX) by 21.4% during the fourth quarter, Holdings Channel reports. The fund owned 111,088 shares of the company’s stock after purchasing an additional 19,599 shares during the period. CarMax makes up about 2.7% of Hillman Capital Management Inc.’s holdings, making the stock its 15th biggest holding. Hillman Capital Management Inc.’s holdings in CarMax were worth $4,292,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank grew its holdings in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of CarMax during the 2nd quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in shares of CarMax in the 2nd quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in shares of CarMax in the 3rd quarter worth approximately $32,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of CarMax in the 4th quarter worth approximately $33,000.

CarMax Stock Performance

Shares of KMX opened at $51.83 on Wednesday. The business’s fifty day simple moving average is $42.26 and its two-hundred day simple moving average is $42.39. 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 12 month low of $30.26 and a 12 month high of $71.99. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 1.97 and a beta of 1.21.

CarMax (NYSE:KMX) last issued its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the business posted $0.58 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. UBS Group initiated coverage on CarMax in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 price target on the stock. Argus upgraded CarMax to a “hold” rating in a research note on Thursday, April 16th. Evercore set a $45.00 price target on CarMax in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $42.40.

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.