Gagnon Securities LLC Acquires 62,212 Shares of CarMax, Inc. $KMX

Gagnon Securities LLC boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 38.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 225,629 shares of the company’s stock after buying an additional 62,212 shares during the period. CarMax makes up approximately 2.0% of Gagnon Securities LLC’s holdings, making the stock its 19th biggest holding. Gagnon Securities LLC owned 0.15% of CarMax worth $10,124,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in CarMax in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in shares of CarMax in the second quarter valued at about $30,000. ST Germain D J Co. Inc. boosted its position in shares of CarMax by 88.5% during the third quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock worth $60,000 after buying an additional 625 shares during the period. Mather Group LLC. bought a new position in shares of CarMax during the third quarter worth about $61,000. Finally, Hollencrest Capital Management raised its position in CarMax by 39.9% in the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock valued at $71,000 after buying an additional 300 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMX. Zacks Research raised CarMax from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wedbush reduced their target price on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Needham & Company LLC reiterated a “hold” rating on shares of CarMax in a research note on Friday, November 7th. Mizuho reduced their price objective on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. Finally, Truist Financial lifted their target price on CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $39.64.

CarMax Price Performance

NYSE:KMX opened at $45.50 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The stock’s 50 day moving average price is $41.63 and its two-hundred day moving average price is $48.07. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $89.47. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.13 and a beta of 1.29.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter last year, the company posted $0.81 EPS. CarMax’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current year.

CarMax Company 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.