Pallas Capital Advisors LLC Boosts Stock Holdings in CarMax, Inc. $KMX

Pallas Capital Advisors LLC grew its position in CarMax, Inc. (NYSE:KMX) by 290.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,903 shares of the company’s stock after purchasing an additional 17,044 shares during the period. Pallas Capital Advisors LLC’s holdings in CarMax were worth $885,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KMX. Silver Heights Capital Management Inc increased its stake in CarMax by 39.5% in the 3rd quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock valued at $41,557,000 after buying an additional 262,478 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of CarMax by 129.4% in the 3rd quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock worth $3,879,000 after buying an additional 48,757 shares during the last quarter. True North Advisors LLC boosted its stake in shares of CarMax by 66.6% in the 3rd quarter. True North Advisors LLC now owns 123,742 shares of the company’s stock worth $5,552,000 after buying an additional 49,450 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after acquiring an additional 918,553 shares in the last quarter. Finally, Rings Capital Management LLC grew its holdings in shares of CarMax by 71.6% in the third quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock valued at $48,190,000 after acquiring an additional 448,000 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research upgraded CarMax from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. JPMorgan Chase & Co. reduced their price objective on CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. Barclays boosted their price target on shares of CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, CarMax has a consensus rating of “Reduce” and an average target price of $39.21.

CarMax Price Performance

Shares of NYSE:KMX opened at $39.98 on Tuesday. The firm has a market capitalization of $5.67 billion, a PE ratio of 13.19, a P/E/G ratio of 1.04 and a beta of 1.35. 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 company has a 50-day moving average price of $43.63 and a two-hundred day moving average price of $42.99. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $82.79.

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.