Eubel Brady & Suttman Asset Management Inc. Has $18.25 Million Position in CarMax, Inc. $KMX

Eubel Brady & Suttman Asset Management Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 26.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,657 shares of the company’s stock after buying an additional 84,086 shares during the quarter. CarMax accounts for 2.1% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Eubel Brady & Suttman Asset Management Inc. owned approximately 0.28% of CarMax worth $18,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Jones Financial Companies Lllp lifted its position in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after acquiring an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the period. WCM Investment Management LLC lifted its position in CarMax by 0.5% in the second quarter. WCM Investment Management LLC now owns 38,991 shares of the company’s stock worth $2,597,000 after purchasing an additional 197 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in CarMax by 1.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock worth $734,000 after buying an additional 198 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in CarMax by 0.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 31,245 shares of the company’s stock valued at $2,081,000 after buying an additional 206 shares during the period.

CarMax Stock Performance

NYSE KMX opened at $45.77 on Thursday. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $89.47. The company has a 50 day moving average of $43.09 and a 200-day moving average of $46.92. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.10 and a beta of 1.35.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush reduced their price objective 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. Benchmark reissued a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Evercore ISI set a $42.00 price target on shares of CarMax in a research note on Tuesday. Bank of America upped their price objective on CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research note on Friday, December 19th. Finally, Truist Financial increased their target price on CarMax from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $40.07.

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.