Principal Financial Group Inc. Has $7.28 Million Stock Position in CarMax, Inc. $KMX

Principal Financial Group Inc. reduced its position in CarMax, Inc. (NYSE:KMX) by 93.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,235 shares of the company’s stock after selling 2,409,710 shares during the period. Principal Financial Group Inc.’s holdings in CarMax were worth $7,279,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after acquiring an additional 173 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of CarMax by 12.5% during the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after buying an additional 585 shares during the last quarter. Intech Investment Management LLC increased its holdings in CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock worth $1,492,000 after buying an additional 7,307 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in CarMax during the first quarter valued at approximately $727,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of CarMax in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley set a $35.00 target price on CarMax in a research report on Monday, December 8th. Finally, Stephens dropped their price target on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Reduce” and a consensus price target of $40.07.

CarMax News Roundup

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: New CEO with digital and customer-focus credentials — Keith Barr, who led IHG Hotels & Resorts, will become CarMax’s CEO on March 16; investors hope his hospitality/digital background can accelerate omnichannel improvements and customer experience upgrades that could stabilize sales and margins. Keith Barr Takes CarMax Helm As Digital And Customer Focus Deepens
• Positive Sentiment: Market narrative shift toward a turnaround plan — major outlets report the hire as signaling a strategic pivot to digital and service-led differentiation, which can be seen as a credible first step to rebuild investor confidence. CarMax Taps Hotel Veteran to Lead Turnaround
• Neutral Sentiment: Formal appointment and board changes — CarMax issued an official press release confirming Barr’s appointment, the effective date (March 16), and board role shifts (interim CEO returning to director duties). This clarifies succession but is procedural. CarMax Names Keith Barr as Chief Executive Officer
• Neutral Sentiment: Media skepticism on fit — several outlets note Barr isn’t an auto-industry executive, framing the hire as unconventional; that raises questions about how transferable his hotel/digital playbook will be to used-car retail. CarMax Names a New CEO. He’s Not a Car Guy.
• Negative Sentiment: Analyst maintains bearish view — J.P. Morgan’s Rajat Gupta kept a Sell rating citing elevated execution risk and intensifying competition from online rivals like Carvana, arguing a new CEO alone may not be enough to reverse margin pressure or lower inventory risk quickly. CarMax: Elevated Execution Risk and Intensifying Carvana Competition Justify Sell Rating Despite New CEO
• Negative Sentiment: Recent sharp share decline and fundamental headwinds — commentary and reporting highlight a recent plunge in the stock tied to falling demand and worries about the company’s ability to execute a turnaround, underscoring that investor optimism may be tenuous until operational results improve. Why CarMax Stock Just Crashed

CarMax Price Performance

NYSE:KMX opened at $41.38 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. CarMax, Inc. has a one year low of $30.26 and a one year high of $89.47. The company has a fifty day moving average price of $43.18 and a 200 day moving average price of $46.75. The stock has a market cap of $5.87 billion, a P/E ratio of 13.66, a PEG ratio of 0.98 and a beta of 1.35.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue was down 6.9% compared to the same quarter last year. Analysts anticipate that CarMax, Inc. will post 3.23 earnings per share 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.