CarMax, Inc. $KMX Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of CarMax, Inc. (NYSE:KMX) by 1,058.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,515 shares of the company’s stock after buying an additional 113,771 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CarMax were worth $4,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax during the second quarter worth approximately $28,000. MUFG Securities EMEA plc acquired a new position in CarMax in the second quarter worth $30,000. Center for Financial Planning Inc. acquired a new position in CarMax in the third quarter worth $31,000. Advisory Services Network LLC acquired a new position in CarMax in the third quarter worth $32,000. Finally, True Wealth Design LLC boosted its holdings in CarMax by 54.3% in the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock worth $35,000 after purchasing an additional 319 shares during the period.

CarMax Stock Performance

KMX stock opened at $38.92 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.41 and a beta of 1.19. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $71.99. The stock’s fifty day moving average is $40.63 and its two-hundred day moving average is $41.02.

CarMax (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. On average, research analysts predict that CarMax, Inc. will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stephens lifted their price objective on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, April 2nd. Evercore set a $45.00 price objective on shares of CarMax in a report on Friday, April 10th. 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 report on Wednesday, February 18th. Barclays decreased their price objective on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Thursday, April 16th. Finally, Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus 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.