Numerai GP LLC Increases Position in CarMax, Inc. $KMX

Numerai GP LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 779.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,202 shares of the company’s stock after buying an additional 40,947 shares during the period. Numerai GP LLC’s holdings in CarMax were worth $2,073,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KMX. Silver Heights Capital Management Inc grew its stake in shares of CarMax by 39.5% in the 3rd quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock valued at $41,557,000 after purchasing an additional 262,478 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of CarMax by 129.4% during the third quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock worth $3,879,000 after purchasing an additional 48,757 shares during the last quarter. True North Advisors LLC lifted its holdings in shares of CarMax by 66.6% during the third quarter. True North Advisors LLC now owns 123,742 shares of the company’s stock worth $5,552,000 after purchasing an additional 49,450 shares during the period. AXQ Capital LP acquired a new stake in shares of CarMax during the second quarter worth $859,000. Finally, Candriam S.C.A. grew its position in CarMax by 172.5% in the 2nd quarter. Candriam S.C.A. now owns 24,506 shares of the company’s stock valued at $1,647,000 after buying an additional 15,513 shares during the last quarter.

CarMax Price Performance

Shares of NYSE:KMX opened at $41.70 on Tuesday. The company has a market cap of $5.91 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.99 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $82.79. The business has a fifty day simple moving average of $44.42 and a 200-day simple moving average of $44.32.

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

Wall Street Analyst Weigh In

KMX has been the topic of a number of recent analyst reports. Morgan Stanley set a $35.00 price objective on CarMax in a report on Monday, December 8th. Barclays raised their target price on CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, January 21st. Benchmark reiterated a “hold” rating on shares of CarMax in a research note on Tuesday, December 16th. Mizuho decreased their price objective on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Finally, Stephens dropped their target price on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $39.21.

CarMax Company 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.