Qsemble Capital Management LP Makes New Investment in CarMax, Inc. $KMX

Qsemble Capital Management LP acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 80,774 shares of the company’s stock, valued at approximately $3,121,000. Qsemble Capital Management LP owned 0.06% of CarMax at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of CarMax by 73.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after acquiring an additional 1,494,205 shares in the last quarter. Vulcan Value Partners LLC raised its stake in shares of CarMax by 135.2% in the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock valued at $104,569,000 after acquiring an additional 1,338,134 shares in the last quarter. Hawk Ridge Capital Management LP bought a new position in shares of CarMax in the 3rd quarter valued at approximately $43,702,000. Dimensional Fund Advisors LP raised its stake in shares of CarMax by 33.2% in the 3rd 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, Worldquant Millennium Advisors LLC raised its stake in shares of CarMax by 222.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 853,964 shares of the company’s stock valued at $57,395,000 after acquiring an additional 588,901 shares in the last quarter.

CarMax Price Performance

Shares of NYSE KMX opened at $36.99 on Friday. The firm has a market cap of $5.25 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99. The business’s 50 day moving average is $41.01 and its 200-day moving average is $41.20.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, topping 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 firm had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $0.58 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that CarMax, Inc. will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on KMX shares. Evercore set a $45.00 price target on CarMax in a research report on Friday, April 10th. Argus raised CarMax to a “hold” rating in a research report on Thursday, April 16th. Barclays dropped their price target on CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research report on Thursday, April 16th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Bank of America started coverage on CarMax in a research report on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $41.21.

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.