Eubel Brady & Suttman Asset Management Inc. Has $18.25 Million Holdings in CarMax, Inc. $KMX

Eubel Brady & Suttman Asset Management Inc. grew its stake in CarMax, Inc. (NYSE:KMX) by 26.1% in the third quarter, HoldingsChannel reports. The fund owned 406,657 shares of the company’s stock after acquiring an additional 84,086 shares during the period. CarMax accounts for 2.1% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 22nd largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in CarMax were worth $18,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax in the second quarter valued at approximately $28,000. MUFG Securities EMEA plc acquired a new position in CarMax during the 2nd quarter worth $30,000. Center for Financial Planning Inc. bought a new position in CarMax in the 3rd quarter valued at $31,000. Strengthening Families & Communities LLC increased its stake in shares of CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock valued at $39,000 after buying an additional 605 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of CarMax by 121.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock valued at $45,000 after buying an additional 539 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMX. Royal Bank Of Canada raised their price target on CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, December 19th. Truist Financial upped their target price on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Mizuho reduced their target price on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Evercore boosted their price target on shares of CarMax from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 3rd. Finally, Barclays raised their price objective on shares of CarMax from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $40.07.

CarMax Price Performance

KMX stock opened at $45.77 on Thursday. The stock has a 50-day moving average price of $43.09 and a two-hundred day moving average price of $46.92. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $89.47. The stock has a market cap of $6.49 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The firm had revenue of $5.79 billion for the quarter, compared to analysts’ expectations of $5.66 billion. During the same period in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 3.23 EPS 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.