Entropy Technologies LP Makes New Investment in CarMax, Inc. $KMX

Entropy Technologies LP acquired a new stake in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 57,566 shares of the company’s stock, valued at approximately $2,224,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 valued at $3,879,000 after buying an additional 48,757 shares during the period. Silver Heights Capital Management Inc increased its stake in shares of CarMax by 39.5% during the third quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock worth $41,557,000 after buying an additional 262,478 shares during the period. Freestone Capital Holdings LLC purchased a new stake in shares of CarMax during the fourth quarter worth approximately $968,000. Dimensional Fund Advisors LP raised its holdings in 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 lifted its stake in CarMax by 71.6% in the third quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock worth $48,190,000 after acquiring an additional 448,000 shares during the last quarter.

CarMax Trading Up 1.8%

NYSE:KMX opened at $52.19 on Tuesday. The stock’s 50 day moving average price is $42.05 and its 200 day moving average price is $42.29. The company has a market capitalization of $7.40 billion, a PE ratio of 32.62, a P/E/G ratio of 1.95 and a beta of 1.21. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts anticipate that CarMax, Inc. will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Saturday. Robert W. Baird lifted their price objective on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Argus upgraded shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 target price on shares of CarMax in a report on Wednesday, April 15th. Finally, Stephens lifted their price target on CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $41.73.

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.