22,520 Shares in CarMax, Inc. $KMX Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC purchased a new position in CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,520 shares of the company’s stock, valued at approximately $870,000.

A number of other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in CarMax by 3.1% in the first 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares in the last quarter. Blue Trust Inc. lifted its holdings in CarMax by 20.0% in the fourth quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock worth $55,000 after acquiring an additional 237 shares during the last quarter. Huntington National Bank boosted its stake in CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the period. Finally, Ossiam grew its holdings in shares of CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares during the last quarter.

CarMax Trading Up 2.0%

NYSE:KMX opened at $46.96 on Friday. 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 business has a 50 day simple moving average of $40.89 and a 200 day simple moving average of $41.56. The firm has a market capitalization of $6.66 billion, a P/E ratio of 29.35, a P/E/G ratio of 1.74 and a beta of 1.21. CarMax, Inc. has a 12-month low of $30.26 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $5.95 billion during 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 business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. Equities research analysts predict that CarMax, Inc. will post 2.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stephens increased their price target on CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 2nd. Argus upgraded CarMax to a “hold” rating in a research report on Thursday, April 16th. UBS Group began coverage on CarMax in a research report on Wednesday, May 27th. They set a “neutral” rating and a $42.00 price objective for the company. Barclays reduced their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, April 16th. Finally, Bank of America began coverage on CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $41.27.

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.