CarMax, Inc. $KMX Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP lowered its position in CarMax, Inc. (NYSE:KMX) by 81.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,650 shares of the company’s stock after selling 130,746 shares during the quarter. Qsemble Capital Management LP’s holdings in CarMax were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC increased its position in shares of CarMax by 105.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 327 shares during the last quarter. Huntington National Bank lifted its position in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of CarMax during the 2nd quarter worth $28,000. Wellington Grp LLC lifted its position in shares of CarMax by 6,500.0% during the 1st quarter. Wellington Grp LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 715 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of CarMax during the second quarter worth $30,000.

Trending Headlines about CarMax

Here are the key news stories impacting CarMax this week:

• Positive Sentiment: Zacks upgraded CarMax from “Hold” to “Strong Buy.” The firm raised multiple EPS forecasts, including estimates for FY2028 to $3.11 from $2.96 and FY2029 to $3.90 from $3.21. It also increased quarterly projections for Q1 2028, Q2 2028, Q3 2028, Q4 2028 and Q1 2029, signaling improving expectations for the used-car retailer’s longer-term earnings power. Zacks upgrade and earnings estimates
• Neutral Sentiment: CarMax’s latest reported quarter provides fundamental support: revenue increased 6.2% year over year to $8.01 billion and earnings of $1.31 per share exceeded the $0.96 analyst consensus. However, earnings were below the $1.38 per share reported in the prior-year period, and the company’s current-year consensus EPS estimate remains $2.73.
• Negative Sentiment: One valuation analysis says CarMax stock looks stretched following a 53% five-year slump and subsequent recovery. With shares near their 52-week high and trading at roughly 39 times earnings, investors may be concerned that the current valuation already discounts much of the expected improvement. CarMax stock looks stretched after a 53% five-year slump
• Negative Sentiment: A separate analysis concludes that CarMax could be approximately 7% above fair value, citing the impact of a leadership change. This raises the risk that the stock’s recent gains have outpaced its underlying fundamentals and could limit further upside. CarMax could be 7% above fair value on leadership change

Analyst Upgrades and Downgrades

Several research firms recently commented on KMX. Royal Bank Of Canada increased their target price on CarMax from $41.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price target for the company in a report on Thursday, June 18th. Zacks Research raised CarMax from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial increased their price objective on CarMax from $47.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, June 18th. Finally, Morgan Stanley raised their target price on CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, CarMax has an average rating of “Hold” and a consensus target price of $51.00.

CarMax Trading Down 0.3%

Shares of CarMax stock opened at $59.85 on Friday. The company has a fifty day simple moving average of $54.63 and a 200-day simple moving average of $46.50. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $62.56. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 2.75 and a beta of 1.15.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same period last year, the firm posted $1.38 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc. will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling at CarMax

In other news, CEO Keith Barr bought 9,400 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the transaction, the chief executive officer owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. This trade represents a 39.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter J. Bensen bought 2,500 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $52.20 per share, for a total transaction of $130,500.00. Following the transaction, the director directly owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. This represents a 11.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 13,900 shares of company stock worth $735,574 over the last 90 days. Corporate insiders own 1.01% of the company’s stock.

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.