Gagnon Securities LLC Purchases 94,448 Shares of CarMax, Inc. $KMX

Gagnon Securities LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 41.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,077 shares of the company’s stock after buying an additional 94,448 shares during the period. CarMax accounts for about 2.5% of Gagnon Securities LLC’s holdings, making the stock its 17th largest holding. Gagnon Securities LLC owned 0.23% of CarMax worth $12,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake 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 buying an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the last quarter. Blue Trust Inc. grew its stake in shares of CarMax by 20.0% in the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock worth $55,000 after buying an additional 237 shares during the last quarter. Huntington National Bank grew its stake in shares of CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the last quarter. Finally, Ossiam grew its stake in shares of CarMax by 19.5% in the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock worth $115,000 after buying an additional 280 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMX shares. Robert W. Baird upped their price target on CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $41.00 target price on shares of CarMax in a research note on Wednesday, April 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Finally, UBS Group initiated coverage on CarMax in a research note on Wednesday, May 27th. They set a “neutral” rating and a $42.00 target price on the stock. One research 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. Based on data from MarketBeat.com, CarMax presently has an average rating of “Reduce” and a consensus target price of $41.73.

CarMax Stock Performance

KMX stock opened at $51.27 on Friday. The company has a market cap of $7.27 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $71.99. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49. The stock’s fifty day moving average price is $41.83 and its 200-day moving average price is $42.15.

CarMax (NYSE:KMX) last released its quarterly 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 firm had revenue of $5.95 billion for 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 company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. On average, equities analysts forecast that CarMax, Inc. will post 2.3 earnings per share for the current year.

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.