Kirr Marbach & Co. LLC IN Acquires 13,820 Shares of CarMax, Inc. $KMX

Kirr Marbach & Co. LLC IN lifted its stake in CarMax, Inc. (NYSE:KMX) by 12.4% during the 1st quarter, HoldingsChannel reports. The fund owned 125,479 shares of the company’s stock after buying an additional 13,820 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in CarMax were worth $5,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Huntington National Bank boosted its holdings in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax in the second quarter valued at about $28,000. MUFG Securities EMEA plc bought a new stake in shares of CarMax in the second quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in CarMax during the third quarter worth about $32,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in CarMax during the fourth quarter worth about $33,000.

Wall Street Analysts Forecast Growth

KMX has been the subject of several recent research reports. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Benchmark restated a “hold” rating on shares of CarMax in a research report on Thursday, June 18th. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Mizuho raised their target price on CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Finally, UBS Group lifted their price target on shares of CarMax from $42.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $47.73.

CarMax Stock Down 1.2%

NYSE KMX opened at $51.75 on Wednesday. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.81 and a beta of 1.21. The stock’s 50 day moving average is $42.99 and its two-hundred day moving average is $42.85. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87.

CarMax (NYSE:KMX) last issued its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.CarMax’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Equities analysts forecast that CarMax, Inc. will post 2.52 earnings per share for the current fiscal year.

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.