CarMax, Inc. $KMX Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.1% in the first quarter, Holdings Channel reports. The institutional investor owned 4,580,807 shares of the company’s stock after purchasing an additional 49,987 shares during the period. Janus Henderson Group PLC’s holdings in CarMax were worth $190,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bull Harbor Capital LLC acquired a new stake in CarMax during the first quarter worth approximately $968,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CarMax by 46.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,341 shares of the company’s stock valued at $472,000 after buying an additional 3,607 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of CarMax by 17.7% in the 1st quarter. California State Teachers Retirement System now owns 163,920 shares of the company’s stock valued at $6,816,000 after buying an additional 24,650 shares in the last quarter. Royal Bank of Canada grew its position in shares of CarMax by 31.1% in the 1st quarter. Royal Bank of Canada now owns 291,671 shares of the company’s stock valued at $12,128,000 after buying an additional 69,198 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of CarMax by 83.9% in the 1st quarter. Quantinno Capital Management LP now owns 288,409 shares of the company’s stock valued at $11,992,000 after buying an additional 131,542 shares during the last quarter.

CarMax Trading Down 0.5%

Shares of CarMax stock opened at $58.84 on Friday. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $62.56. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The company’s 50-day simple moving average is $51.40 and its 200-day simple moving average is $45.64. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. As a group, equities research analysts anticipate that CarMax, Inc. will post 2.7 earnings per share for the current year.

Insider Transactions at CarMax

In other CarMax news, CEO Keith Barr acquired 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average price of $53.01 per share, with a total value of $498,294.00. Following the completion of the acquisition, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. The trade was a 39.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sona Chawla acquired 2,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $53.39 per share, with a total value of $106,780.00. Following the transaction, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This represents a 10.15% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 13,900 shares of company stock valued at $735,574. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMX. Mizuho raised their price objective on CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Robert W. Baird raised their price target on CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Evercore set a $45.00 price objective on CarMax in a research note on Friday, April 10th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective for the company in a report on Thursday, June 18th. Finally, Weiss Ratings raised shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $51.00.

Trending Headlines about CarMax

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: JPMorgan upgraded CarMax from “underweight” to “neutral” and raised its price target to $60 from $38. The change suggests the analyst believes the company’s outlook has improved and removes a prior source of selling pressure. JPMorgan upgrades CarMax
• Positive Sentiment: Analyst commentary indicates CarMax is learning from past mistakes. The development supports the view that management and operations may be improving, helping explain the stock’s sharp relative performance. CarMax is learning from past mistakes
• Positive Sentiment: CarMax’s strong share-price performance is drawing attention from investment managers. Vulcan Value Partners discussed the company in its second-quarter 2026 investor letter, adding visibility among long-term, value-focused investors. Vulcan Value Partners on CarMax
• Positive Sentiment: Zacks identified KMX as a strong momentum stock. Its favorable momentum assessment reinforces the market’s current bullish technical trend, though it does not necessarily indicate improved fundamentals. Why CarMax is a strong momentum stock
• Neutral Sentiment: Comparisons with Carvana highlight KMX’s relative strength, but the article cautions that Carvana’s weaker stock performance—despite record results—does not automatically make CarMax the better investment. Investors should weigh valuation, execution and growth prospects rather than simply switching between the two companies. Carvana and CarMax investment comparison
• Negative Sentiment: Bernstein Liebhard announced a shareholder investigation into potential breaches of fiduciary duty by CarMax directors and officers. The investigation is preliminary, but it creates legal and governance uncertainty that could weigh on sentiment. CarMax shareholder investigation

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.