BNP Paribas Financial Markets Has $29.21 Million Stock Position in CarMax, Inc. $KMX

BNP Paribas Financial Markets lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 104.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 756,031 shares of the company’s stock after buying an additional 385,790 shares during the quarter. BNP Paribas Financial Markets owned about 0.53% of CarMax worth $29,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMX. Huntington National Bank lifted its holdings in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in shares of CarMax during the second quarter worth $30,000. Center for Financial Planning Inc. acquired a new stake in shares of CarMax during the third quarter worth $31,000. Finally, Advisory Services Network LLC acquired a new stake in shares of CarMax during the third quarter worth $32,000.

CarMax Stock Up 2.0%

Shares of NYSE KMX opened at $46.96 on Friday. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.74 and a beta of 1.21. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $71.99. The stock has a 50-day moving average price of $40.89 and a two-hundred day moving average price of $41.56.

CarMax (NYSE:KMX) last issued its earnings results on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, analysts forecast that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

KMX has been the subject of a number of research reports. Argus raised CarMax to a “hold” rating in a report on Thursday, April 16th. Evercore set a $45.00 price target on CarMax in a research note on Friday, April 10th. JPMorgan Chase & Co. boosted their price target on CarMax from $28.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CarMax has an average rating of “Reduce” and an average target price of $41.27.

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.