Norges Bank Invests $159.23 Million in CarMax, Inc. $KMX

Posted by Brenda Bartman on Jun 4th, 2026

Norges Bank purchased a new position in CarMax, Inc. (NYSE:KMX – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,120,921 shares of the company’s stock, valued at approximately $159,232,000.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of CarMax in the second quarter worth $28,000. MUFG Securities EMEA plc bought a new position in shares of CarMax in the second quarter worth $30,000. Center for Financial Planning Inc. bought a new position in shares of CarMax in the third quarter worth $31,000. Finally, Advisory Services Network LLC bought a new position in shares of CarMax in the third quarter worth $32,000.

CarMax Stock Performance

CarMax stock opened at $46.09 on Thursday. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. The firm has a 50-day moving average of $40.80 and a 200-day moving average of $41.47. The firm has a market cap of $6.54 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.66 and a beta of 1.21. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99.

CarMax (NYSE:KMX – Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. CarMax’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Sell-side analysts expect that CarMax, Inc. will post 2.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of CarMax from a “hold” rating to a “sell” rating in a report on Sunday. Robert W. Baird upped their target price on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $41.00 target price on shares of CarMax in a research report on Wednesday, April 15th. UBS Group started coverage on shares of CarMax in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $42.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Reduce” and a consensus target price of $41.27.

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CarMax Company Profile

(Free Report)

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.