Cynosure Group LLC Purchases Shares of 13,313 CarMax, Inc. $KMX

Cynosure Group LLC purchased a new stake in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,313 shares of the company’s stock, valued at approximately $514,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new stake in CarMax in the fourth quarter valued at $4,326,000. Silver Heights Capital Management Inc lifted its stake in CarMax by 0.5% in the fourth quarter. Silver Heights Capital Management Inc now owns 931,168 shares of the company’s stock valued at $35,980,000 after acquiring an additional 5,001 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in CarMax by 83.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,016 shares of the company’s stock valued at $580,000 after acquiring an additional 6,810 shares during the last quarter. QVT Financial LP lifted its stake in CarMax by 557.1% in the fourth quarter. QVT Financial LP now owns 230,000 shares of the company’s stock valued at $8,887,000 after acquiring an additional 195,000 shares during the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in CarMax in the fourth quarter valued at $913,000.

Analyst Ratings Changes

A number of analysts have commented on KMX shares. Truist Financial increased their price target on shares of CarMax from $37.00 to $47.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays raised their target price on shares of CarMax from $26.00 to $31.00 and gave the stock an “underweight” rating in a research note on Friday. Robert W. Baird raised their target price on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Evercore set a $45.00 target price on shares of CarMax in a research note on Friday, April 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 target price on shares of CarMax in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, CarMax has an average rating of “Reduce” and an average target price of $42.40.

CarMax Stock Performance

NYSE KMX opened at $51.83 on Wednesday. The firm has a 50-day moving average of $42.26 and a 200-day moving average of $42.39. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. The stock has a market cap of $7.35 billion, a PE ratio of 32.39, a P/E/G ratio of 1.97 and a beta of 1.21. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99.

CarMax (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. CarMax’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. On average, sell-side analysts anticipate that CarMax, Inc. will post 2.3 EPS for the current year.

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.