Harvey Investment Co. LLC Has $485,000 Stock Holdings in CarMax, Inc. $KMX

Harvey Investment Co. LLC trimmed its position in CarMax, Inc. (NYSE:KMX) by 69.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,550 shares of the company’s stock after selling 28,200 shares during the period. Harvey Investment Co. LLC’s holdings in CarMax were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $2,446,000 after acquiring an additional 173 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the last quarter. Empowered Funds LLC lifted its position in CarMax by 12.5% during the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after purchasing an additional 585 shares during the period. Intech Investment Management LLC lifted its position in CarMax by 61.7% during the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after purchasing an additional 7,307 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of CarMax in the 1st quarter valued at about $727,000.

More CarMax News

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: CarMax agreed to add two directors — William “Bill” Cobb and Jim Kessler — including a Starboard nominee after talks with activist investor Starboard; the appointments are expected to accelerate changes around pricing, digital tools and cost efficiency, and are being received as a constructive governance outcome by investors. CarMax Announces William Cobb and Jim Kessler to Join the Board
• Neutral Sentiment: CarMax has refreshed its board with independent director nominees in filings and corporate announcements, signaling ongoing governance changes but leaving execution and timing uncertain until new directors are seated. CarMax refreshes board with new independent director nominees
• Neutral Sentiment: Investors are focused on Q4 results due April 14; Street estimates and valuation commentary are mixed — some analysts point to improving used-vehicle trends and relative valuation support, but the quarter will be the next clear data point. Unveiling CarMax (KMX) Q4 Outlook: Wall Street Estimates for Key Metrics
• Negative Sentiment: Several outlets report that analysts have trimmed EPS and revenue forecasts ahead of the quarter because of softer used-car demand — this creates downside risk if results or any guidance disappoint. Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q4 Earnings

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stephens lifted their price target on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada raised their price objective on shares of CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, December 19th. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. Finally, Wedbush reduced their price target on CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $39.71.

CarMax Stock Up 2.4%

CarMax stock opened at $45.31 on Friday. The company has a 50 day moving average of $42.94 and a 200-day moving average of $42.27. 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 twelve month low of $30.26 and a twelve month high of $71.99. The stock has a market capitalization of $6.42 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.13 and a beta of 1.30.

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.